Northland Securities Lifts Earnings Estimates for VEON

VEON Ltd. (NASDAQ:VEON) – Stock analysts at Northland Securities raised their FY2026 earnings estimates for shares of VEON in a report issued on Tuesday, August 4th. Northland Securities analyst T. Savageaux now anticipates that the Wireless communications provider will post earnings of $7.24 per share for the year, up from their previous forecast of $6.65. Northland Securities currently has a “Outperform” rating and a $70.00 target price on the stock. The consensus estimate for VEON’s current full-year earnings is $6.99 per share.

A number of other equities analysts have also recently issued reports on the stock. Benchmark reissued a “buy” rating on shares of VEON in a research report on Monday, June 15th. Rothschild & Co Redburn set a $74.00 target price on VEON and gave the company a “buy” rating in a research report on Thursday, April 16th. Zacks Research lowered VEON from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Weiss Ratings downgraded VEON from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen lowered VEON from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $72.00.

VEON Trading Up 0.4%

VEON opened at $54.52 on Thursday. VEON has a 1-year low of $42.60 and a 1-year high of $64.00. The company has a current ratio of 0.97, a quick ratio of 0.85 and a debt-to-equity ratio of 2.30. The company has a market cap of $4.03 billion, a P/E ratio of 64.14 and a beta of 1.65. The company has a fifty day moving average price of $52.33 and a two-hundred day moving average price of $52.40.

VEON (NASDAQ:VEON) last issued its earnings results on Friday, July 31st. The Wireless communications provider reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.23. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. VEON had a net margin of 1.24% and a return on equity of 14.93%. During the same period in the prior year, the firm earned $8.30 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its stake in shares of VEON by 36.8% in the second quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock valued at $66,000 after buying an additional 388 shares in the last quarter. Royal Bank of Canada increased its position in shares of VEON by 184.3% during the fourth quarter. Royal Bank of Canada now owns 2,431 shares of the Wireless communications provider’s stock worth $128,000 after acquiring an additional 1,576 shares in the last quarter. Truist Financial Corp raised its holdings in shares of VEON by 5.1% in the 4th quarter. Truist Financial Corp now owns 4,014 shares of the Wireless communications provider’s stock worth $211,000 after acquiring an additional 195 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in shares of VEON by 7.0% in the 4th quarter. Personal CFO Solutions LLC now owns 4,097 shares of the Wireless communications provider’s stock worth $215,000 after acquiring an additional 268 shares during the last quarter. Finally, CWM LLC bought a new position in VEON in the 4th quarter valued at about $219,000. Institutional investors and hedge funds own 21.30% of the company’s stock.

VEON Company Profile

VEON Ltd (NASDAQ: VEON) is a global telecommunications and digital services provider headquartered in Amsterdam, the Netherlands. Originally founded as VimpelCom in Russia in 1992, the company rebranded to VEON in 2017 to reflect its transformation into a technology-driven operator. VEON operates as a holding company with direct investments in mobile and internet service providers across multiple emerging markets, delivering voice, data and digital services to individual and enterprise customers.

Through its operating subsidiaries, VEON offers a broad portfolio that includes 2G/3G/4G mobile access, fixed broadband, digital lifestyle applications and mobile financial services.