Veoneer, Inc. (NYSE:VNE) – Equities research analysts at Jefferies Financial Group cut their Q2 2021 earnings per share (EPS) estimates for Veoneer in a research report issued to clients and investors on Thursday, April 29th. Jefferies Financial Group analyst D. Kelley now forecasts that the company will earn ($0.94) per share for the quarter, down from their prior estimate of ($0.90). Jefferies Financial Group also issued estimates for Veoneer’s Q3 2021 earnings at ($0.65) EPS, Q4 2021 earnings at ($0.55) EPS, FY2021 earnings at ($3.07) EPS and FY2022 earnings at ($1.75) EPS.
Veoneer (NYSE:VNE) last posted its quarterly earnings data on Wednesday, April 28th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.86) by ($0.07). Veoneer had a negative net margin of 40.13% and a negative return on equity of 30.60%.
Shares of Veoneer stock opened at $22.29 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.33 and a quick ratio of 2.10. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -4.51 and a beta of 2.66. The stock’s 50-day moving average is $24.81 and its 200-day moving average is $23.21. Veoneer has a one year low of $8.28 and a one year high of $30.71.
Large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new position in shares of Veoneer during the 4th quarter worth approximately $321,000. First Trust Advisors LP boosted its position in Veoneer by 38.1% during the fourth quarter. First Trust Advisors LP now owns 156,153 shares of the company’s stock worth $3,326,000 after purchasing an additional 43,120 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Veoneer in the fourth quarter valued at $213,000. Victory Capital Management Inc. raised its position in shares of Veoneer by 5.4% in the fourth quarter. Victory Capital Management Inc. now owns 15,704 shares of the company’s stock valued at $334,000 after purchasing an additional 801 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Veoneer by 401.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 263,015 shares of the company’s stock valued at $5,602,000 after purchasing an additional 210,559 shares during the period. Hedge funds and other institutional investors own 26.26% of the company’s stock.
Veoneer, Inc engages in the design, development, manufacture, and sale of automotive safety electronics primarily in North America, Europe, and Asia. It offers automotive radars, mono-and stereo-vision cameras, night driving assist systems, advanced driver assist systems (ADAS), electronic control units, airbag control units, crash sensors, seat belt pre-tensioner electronic controllers, and ADAS software for highly automated driving (HAD) and autonomous driving (AD).
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