Vodafone Group Plc (VOD) Forecasted to Post FY2021 Earnings of $1.13 Per Share

Vodafone Group Plc (NASDAQ:VOD) – Gabelli issued their FY2021 earnings per share estimates for shares of Vodafone Group in a note issued to investors on Wednesday, November 14th. Gabelli analyst E. Miller forecasts that the cell phone carrier will earn $1.13 per share for the year. Gabelli has a “Buy” rating on the stock. Gabelli also issued estimates for Vodafone Group’s FY2022 earnings at $1.18 EPS and FY2023 earnings at $1.24 EPS.

Other equities analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Vodafone Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 31st. UBS Group reissued a “buy” rating on shares of Vodafone Group in a report on Tuesday, August 7th. Standpoint Research raised shares of Vodafone Group from a “reduce” rating to a “buy” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered shares of Vodafone Group from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Finally, Sanford C. Bernstein raised shares of Vodafone Group from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $33.36.

VOD stock opened at $19.83 on Monday. The company has a market cap of $52.28 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.21 and a beta of 0.88. Vodafone Group has a 1 year low of $18.45 and a 1 year high of $32.75. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 0.70.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Palo Capital Inc. bought a new stake in shares of Vodafone Group in the 3rd quarter valued at $126,000. Bessemer Group Inc. boosted its stake in shares of Vodafone Group by 149.8% in the 2nd quarter. Bessemer Group Inc. now owns 5,321 shares of the cell phone carrier’s stock valued at $129,000 after purchasing an additional 3,191 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Vodafone Group by 722.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,462 shares of the cell phone carrier’s stock valued at $133,000 after purchasing an additional 4,798 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Vodafone Group in the 2nd quarter valued at $143,000. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of Vodafone Group in the 2nd quarter valued at $153,000. 9.85% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a semiannual dividend, which will be paid on Friday, February 1st. Shareholders of record on Friday, November 23rd will be issued a dividend of $0.5455 per share. This represents a yield of 5.36%. The ex-dividend date of this dividend is Wednesday, November 21st. Vodafone Group’s payout ratio is 172.79%.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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