Vonage Holdings Corp. (VG) Expected to Post Earnings of $0.03 Per Share

Wall Street brokerages forecast that Vonage Holdings Corp. (NYSE:VG) will announce $0.03 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Vonage’s earnings, with estimates ranging from ($0.02) to $0.05. Vonage posted earnings of $0.07 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 57.1%. The firm is scheduled to announce its next earnings report on Wednesday, August 7th.

On average, analysts expect that Vonage will report full year earnings of $0.23 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.27. For the next financial year, analysts expect that the business will report earnings of $0.20 per share, with EPS estimates ranging from $0.01 to $0.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Vonage.

Vonage (NYSE:VG) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $280.00 million during the quarter, compared to the consensus estimate of $277.82 million. Vonage had a net margin of 0.99% and a return on equity of 12.11%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share.



Several brokerages recently commented on VG. Zacks Investment Research cut shares of Vonage from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Guggenheim began coverage on shares of Vonage in a research note on Monday, March 11th. They set a “neutral” rating and a $10.00 price objective for the company. Stephens reaffirmed a “buy” rating on shares of Vonage in a research note on Monday, April 29th. Finally, Summit Insights reaffirmed a “hold” rating on shares of Vonage in a research note on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $14.80.

In other Vonage news, CFO David T. Pearson sold 74,633 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $9.93, for a total value of $741,105.69. Following the completion of the transaction, the chief financial officer now owns 427,775 shares of the company’s stock, valued at approximately $4,247,805.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey A. Citron sold 83,334 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $9.68, for a total transaction of $806,673.12. Following the completion of the transaction, the director now directly owns 8,563,086 shares of the company’s stock, valued at approximately $82,890,672.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,114,503 shares of company stock valued at $11,104,848. 7.41% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in VG. Rockefeller Capital Management L.P. purchased a new position in Vonage in the 1st quarter worth approximately $33,000. Quantamental Technologies LLC purchased a new position in Vonage in the 1st quarter worth approximately $52,000. PNC Financial Services Group Inc. grew its stake in Vonage by 15.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,244 shares of the technology company’s stock worth $83,000 after buying an additional 1,093 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Vonage in the 4th quarter worth approximately $84,000. Finally, Sciencast Management LP purchased a new position in Vonage in the 1st quarter worth approximately $107,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:VG opened at $11.39 on Friday. The company has a market cap of $2.73 billion, a P/E ratio of 35.59, a PEG ratio of 11.20 and a beta of 0.60. Vonage has a 12 month low of $7.91 and a 12 month high of $14.73. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.66 and a quick ratio of 0.66.

About Vonage

Vonage Holdings Corp. provides cloud communications services for businesses and consumers. It operates through two segments, Business and Consumer. The Business segment offers cloud-based Unified Communications as a Service solutions, such as integrated voice, text, video, data, collaboration, contact center, and mobile applications through flexible, scalable Session Initiation protocol based VoIP network; Communications Platform as a Service solutions to developers designed to enhance the businesses communicate with customers by embedding communications into apps, Websites, and business processes; and Vonage Business Cloud and Vonage Enterprise services.

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Earnings History and Estimates for Vonage (NYSE:VG)

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