Jefferies Financial Group Comments on Veoneer Inc’s FY2018 Earnings (VNE)

Veoneer Inc (NYSE:VNE) – Jefferies Financial Group issued their FY2018 earnings per share (EPS) estimates for shares of Veoneer in a research report issued to clients and investors on Monday, December 3rd. Jefferies Financial Group analyst D. Kelley anticipates that the company will post earnings of ($2.77) per share for the year. Jefferies Financial Group currently has a “Hold” rating and a $34.00 target price on the stock. Jefferies Financial Group also issued estimates for Veoneer’s Q4 2018 earnings at ($0.90) EPS, Q1 2019 earnings at ($0.81) EPS, Q2 2019 earnings at ($0.68) EPS, Q3 2019 earnings at ($0.63) EPS, Q4 2019 earnings at ($0.62) EPS, FY2019 earnings at ($2.74) EPS and FY2020 earnings at ($1.75) EPS.

Veoneer (NYSE:VNE) last posted its earnings results on Thursday, October 25th. The company reported ($0.78) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.78). The business had revenue of $526.00 million during the quarter, compared to analyst estimates of $532.60 million.

A number of other research analysts have also recently issued reports on VNE. Morgan Stanley cut Veoneer from an “overweight” rating to a “hold” rating in a research note on Thursday. Longbow Research reissued a “hold” rating on shares of Veoneer in a research note on Friday, August 24th. BMO Capital Markets decreased their target price on Veoneer from $60.00 to $49.00 and set an “outperform” rating for the company in a research note on Monday, November 5th. They noted that the move was a valuation call. Buckingham Research set a $34.00 target price on Veoneer and gave the company a “hold” rating in a research note on Tuesday, October 30th. Finally, Wolfe Research began coverage on Veoneer in a research note on Tuesday, October 2nd. They issued an “underperform” rating for the company. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Veoneer presently has a consensus rating of “Hold” and an average target price of $45.27.

NYSE:VNE opened at $33.35 on Thursday. Veoneer has a 1 year low of $30.55 and a 1 year high of $57.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.62 and a quick ratio of 2.35.

Several institutional investors have recently modified their holdings of the company. FMR LLC bought a new stake in shares of Veoneer in the third quarter valued at about $130,329,000. BlackRock Inc. bought a new stake in shares of Veoneer in the third quarter valued at about $127,194,000. Vanguard Group Inc. bought a new stake in shares of Veoneer in the third quarter valued at about $76,750,000. Credit Suisse AG bought a new stake in shares of Veoneer in the third quarter valued at about $64,380,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Veoneer in the third quarter valued at about $53,887,000. Institutional investors own 27.87% of the company’s stock.

About Veoneer

Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronics products. The company offers automotive radars, cameras with driver assist systems, night vision systems, positioning systems, restraint control, sensing, and brake systems. The company is based in Stockholm, Sweden.

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Earnings History and Estimates for Veoneer (NYSE:VNE)

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