Vonovia (OTCMKTS:VONOY) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Vonovia (OTCMKTS:VONOY) released its quarterly earnings results on Wednesday. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02), Zacks reports. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. The firm had revenue of $988.69 million for the quarter, compared to analysts’ expectations of $988.69 million.

Vonovia Price Performance

Shares of VONOY opened at $9.52 on Thursday. Vonovia has a 1-year low of $8.60 and a 1-year high of $17.05. The stock has a market cap of $16.15 billion, a PE ratio of 3.29 and a beta of 1.25. The firm has a 50-day simple moving average of $9.85 and a two-hundred day simple moving average of $12.31.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VONOY. Jefferies Financial Group reiterated a “buy” rating on shares of Vonovia in a research report on Wednesday, October 14th. Oddo Bhf downgraded Vonovia to a “neutral” rating in a research report on Thursday, October 29th. Zacks Research upgraded Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Morgan Stanley lowered Vonovia to an “underweight” rating in a research note on Tuesday, October 20th. Finally, The Goldman Sachs Group lowered Vonovia from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Vonovia Company Profile

Vonovia SE is a European residential real estate company headquartered in Bochum, Germany. The company owns, manages and develops residential properties, with a portfolio focused primarily on apartments and homes for individuals and families.

Its activities include property management, tenant services, building maintenance, modernization and the development of new residential projects. Vonovia also provides related services such as energy solutions, technical building operations and other services intended to support the management and improvement of its properties.

Vonovia serves tenants primarily in Germany, Austria and Sweden.