KeyCorp Comments on Veoneer Inc’s Q1 2019 Earnings (VNE)

Veoneer Inc (NYSE:VNE) – Stock analysts at KeyCorp decreased their Q1 2019 EPS estimates for Veoneer in a research report issued to clients and investors on Monday, April 29th, Zacks Investment Research reports. KeyCorp analyst J. Picariello now anticipates that the company will earn ($1.57) per share for the quarter, down from their previous forecast of ($1.24). KeyCorp also issued estimates for Veoneer’s Q2 2019 earnings at ($1.74) EPS, Q3 2019 earnings at ($1.44) EPS, Q4 2019 earnings at ($0.90) EPS, FY2019 earnings at ($5.65) EPS, FY2020 earnings at ($5.40) EPS, FY2021 earnings at ($4.65) EPS and FY2022 earnings at ($2.95) EPS.

Several other analysts have also weighed in on the company. Zacks Investment Research lowered Veoneer from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Robert W. Baird raised Veoneer from an “underperform” rating to a “neutral” rating and upped their target price for the company from $21.00 to $28.00 in a report on Tuesday, April 23rd. Nordea Equity Research lowered Veoneer from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Mizuho lowered their target price on Veoneer from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Finally, Barclays reissued a “buy” rating on shares of Veoneer in a report on Sunday, May 5th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.53.

Veoneer stock traded down $0.44 during trading hours on Thursday, hitting $18.86. The stock had a trading volume of 279,600 shares, compared to its average volume of 635,674. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.99 and a current ratio of 2.28. The firm has a market capitalization of $1.74 billion and a price-to-earnings ratio of -5.95. Veoneer has a 1-year low of $18.68 and a 1-year high of $57.93.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Murphy Pohlad Asset Management LLC boosted its stake in shares of Veoneer by 3.3% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 23,525 shares of the company’s stock valued at $554,000 after acquiring an additional 760 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Veoneer by 56.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,477 shares of the company’s stock worth $57,000 after buying an additional 893 shares during the last quarter. Whittier Trust Co. boosted its stake in Veoneer by 8.3% in the 1st quarter. Whittier Trust Co. now owns 15,561 shares of the company’s stock worth $356,000 after buying an additional 1,197 shares during the last quarter. Legacy Advisors LLC acquired a new stake in Veoneer in the 1st quarter worth about $28,000. Finally, Citigroup Inc. boosted its stake in Veoneer by 113.7% in the 4th quarter. Citigroup Inc. now owns 4,011 shares of the company’s stock worth $94,000 after buying an additional 2,134 shares during the last quarter. 25.50% of the stock is currently owned by institutional investors and hedge funds.

Veoneer Company Profile

Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronic products in Asia, the Americas, and Europe. It operates in two segments, Electronics and Brake Systems. The company provides automotive radars, night driving assist systems, positioning systems, advanced driver assistance systems (ADAS), night vision systems, brake control systems, electronic control units, active safety sensors, and controllers; mono-and stereo-vision cameras; and passive safety electronics, such as airbag control units and crash sensors.

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Earnings History and Estimates for Veoneer (NYSE:VNE)

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