Brokers Issue Forecasts for Vodafone Group Plc’s FY2018 Earnings (VOD)
Vodafone Group Plc (NASDAQ:VOD) – Investment analysts at Jefferies Group issued their FY2018 earnings per share (EPS) estimates for Vodafone Group in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Dellis anticipates that the cell phone carrier will earn $1.25 per share for the year. Jefferies Group also issued estimates for Vodafone Group’s FY2019 earnings at $1.28 EPS, FY2020 earnings at $1.55 EPS and FY2021 earnings at $1.74 EPS.
Other research analysts have also issued reports about the company. BidaskClub lowered Vodafone Group from a “buy” rating to a “hold” rating in a report on Thursday. Raymond James Financial upgraded Vodafone Group from a “market perform” rating to a “strong-buy” rating in a report on Wednesday. UBS Group reiterated a “buy” rating on shares of Vodafone Group in a report on Monday, October 2nd. Goldman Sachs Group reiterated a “buy” rating on shares of Vodafone Group in a report on Thursday, November 23rd. Finally, Zacks Investment Research lowered Vodafone Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $32.14.
The business also recently announced a semiannual dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, November 24th will be issued a $0.5642 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a yield of 3.68%. Vodafone Group’s dividend payout ratio (DPR) is presently -302.63%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fox Run Management L.L.C. purchased a new stake in Vodafone Group during the 4th quarter worth about $827,000. CAPROCK Group Inc. lifted its holdings in shares of Vodafone Group by 27.3% in the 4th quarter. CAPROCK Group Inc. now owns 43,133 shares of the cell phone carrier’s stock valued at $1,404,000 after purchasing an additional 9,262 shares during the last quarter. Creative Planning lifted its holdings in shares of Vodafone Group by 4.8% in the 4th quarter. Creative Planning now owns 48,111 shares of the cell phone carrier’s stock valued at $1,535,000 after purchasing an additional 2,212 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Vodafone Group by 30.2% in the 4th quarter. Bank of Montreal Can now owns 610,113 shares of the cell phone carrier’s stock valued at $19,462,000 after purchasing an additional 141,442 shares during the last quarter. Finally, Clean Yield Group lifted its holdings in shares of Vodafone Group by 3.1% in the 4th quarter. Clean Yield Group now owns 185,115 shares of the cell phone carrier’s stock valued at $5,905,000 after purchasing an additional 5,635 shares during the last quarter. 10.23% of the stock is owned by institutional investors.
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Vodafone Group Company Profile
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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