VEON (NASDAQ:VEON) Posts Earnings Results, Beats Expectations By $0.06 EPS

VEON (NASDAQ:VEON - Get Free Report) announced its quarterly earnings results on Thursday. The Wireless communications provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.06, Zacks reports. The company had revenue of $998.00 million during the quarter, compared to the consensus estimate of $1.01 billion. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%. VEON updated its FY 2025 guidance to EPS.

VEON Stock Up 0.1 %

Shares of VEON stock traded up $0.05 during trading hours on Monday, hitting $46.00. The company had a trading volume of 76,430 shares, compared to its average volume of 56,128. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.81 and a quick ratio of 0.80. The company's 50-day moving average is $44.40 and its two-hundred day moving average is $37.37. The company has a market cap of $3.40 billion, a P/E ratio of 8.03 and a beta of 1.47. VEON has a twelve month low of $22.35 and a twelve month high of $48.39.

Analyst Upgrades and Downgrades

Separately, Benchmark raised their target price on VEON from $48.00 to $56.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd.

About VEON

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.