Wall Street analysts expect Vonage Holdings Corp. (NYSE:VG) to post $0.06 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Vonage’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.03. Vonage reported earnings of $0.08 per share during the same quarter last year, which would suggest a negative year over year growth rate of 25%. The business is scheduled to issue its next earnings results on Wednesday, February 20th.

On average, analysts expect that Vonage will report full year earnings of $0.35 per share for the current financial year, with EPS estimates ranging from $0.32 to $0.36. For the next financial year, analysts forecast that the firm will report earnings of $0.28 per share, with EPS estimates ranging from $0.19 to $0.38. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Vonage.

Vonage (NYSE:VG) last announced its quarterly earnings data on Friday, November 2nd. The technology company reported $0.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. Vonage had a positive return on equity of 17.66% and a negative net margin of 1.22%. The company had revenue of $261.53 million for the quarter, compared to analyst estimates of $263.91 million. During the same quarter last year, the firm earned $0.07 EPS. Vonage’s revenue for the quarter was up 3.3% compared to the same quarter last year.

VG has been the topic of several recent research reports. Zacks Investment Research raised Vonage from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. ValuEngine lowered Vonage from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 1st. Dougherty & Co reissued a “buy” rating and set a $19.00 price objective on shares of Vonage in a report on Thursday, November 29th. Finally, William Blair reissued an “outperform” rating on shares of Vonage in a report on Monday, September 24th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $15.00.

In related news, Director Jeffrey A. Citron sold 233,332 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $14.43, for a total transaction of $3,366,980.76. Following the completion of the transaction, the director now owns 10,650,784 shares in the company, valued at approximately $153,690,813.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey A. Citron sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $14.33, for a total value of $7,165,000.00. Following the transaction, the director now owns 10,650,784 shares of the company’s stock, valued at approximately $152,625,734.72. The disclosure for this sale can be found here. Insiders have sold a total of 2,411,995 shares of company stock valued at $31,232,935 in the last 90 days. 8.70% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of VG. BlackRock Inc. lifted its position in shares of Vonage by 13.3% during the 2nd quarter. BlackRock Inc. now owns 30,970,520 shares of the technology company’s stock worth $399,210,000 after buying an additional 3,641,447 shares during the period. Glenmede Trust Co. NA raised its position in Vonage by 238.6% in the 2nd quarter. Glenmede Trust Co. NA now owns 3,950,418 shares of the technology company’s stock valued at $50,920,000 after purchasing an additional 2,783,664 shares during the last quarter. Marshall Wace LLP raised its position in Vonage by 2,793.8% in the 3rd quarter. Marshall Wace LLP now owns 1,308,598 shares of the technology company’s stock valued at $18,530,000 after purchasing an additional 1,263,378 shares during the last quarter. First Trust Advisors LP raised its position in Vonage by 12.2% in the 2nd quarter. First Trust Advisors LP now owns 8,924,929 shares of the technology company’s stock valued at $115,042,000 after purchasing an additional 972,857 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Vonage by 147.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,153,600 shares of the technology company’s stock valued at $14,870,000 after purchasing an additional 687,600 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Shares of NYSE:VG traded down $0.03 during trading on Friday, hitting $10.22. 37,145 shares of the stock were exchanged, compared to its average volume of 1,969,234. Vonage has a 1-year low of $9.65 and a 1-year high of $14.73. The firm has a market capitalization of $2.41 billion, a PE ratio of 36.42, a PEG ratio of 5.82 and a beta of -0.01. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.37.

About Vonage

Vonage Holdings Corp. provides communications services connecting people through cloud-connected devices worldwide. It offers various business services, including basic dial tone, call queue, conferencing, call groups, mobile functionality, CRM integration, and detailed analytics, as well as Vonage Business Cloud and Vonage Enterprise services.

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Earnings History and Estimates for Vonage (NYSE:VG)

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