VEON (NASDAQ:VEON) Issues Earnings Results, Beats Estimates By $0.06 EPS

VEON (NASDAQ:VEON) posted its quarterly earnings results on Thursday. The Wireless communications provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.06, Zacks reports. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%. VEON updated its FY 2025 guidance to EPS.

VEON Stock Performance

VEON traded down $1.37 during trading hours on Thursday, reaching $44.57. The company’s stock had a trading volume of 65,716 shares, compared to its average volume of 55,909. The company’s 50-day moving average is $44.35 and its 200-day moving average is $36.90. VEON has a 52 week low of $22.35 and a 52 week high of $48.39. The firm has a market cap of $3.30 billion, a PE ratio of 5.96 and a beta of 1.47. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81.

Wall Street Analyst Weigh In

Separately, Benchmark raised their target price on shares of VEON from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, March 3rd.

VEON Company Profile

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.