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

VEON (NASDAQ:VEON) announced its quarterly earnings results on Thursday. The Wireless communications provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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

Shares of VEON stock opened at $45.73 on Thursday. The company has a 50 day moving average price of $44.35 and a 200-day moving average price of $36.90. VEON has a 52 week low of $22.35 and a 52 week high of $48.39. The firm has a market capitalization of $3.38 billion, a PE ratio of 6.11 and a beta of 1.47. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.34.

Wall Street Analyst Weigh In

Separately, Benchmark lifted their price target on shares of VEON from $48.00 to $56.00 and gave the stock a “buy” rating in a research note 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.