Volkswagen (OTCMKTS:VWAGY) Announces Quarterly Earnings Results

Volkswagen (OTCMKTS:VWAGY) issued its quarterly earnings results on Friday. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.30), Zacks reports. Volkswagen had a return on equity of 3.18% and a net margin of 1.96%.

Volkswagen Trading Down 0.5%

Shares of OTCMKTS VWAGY traded down $0.04 during trading hours on Friday, reaching $8.30. The stock had a trading volume of 289,825 shares, compared to its average volume of 240,414. Volkswagen has a 52-week low of $8.07 and a 52-week high of $12.83. The firm has a market cap of $41.61 billion, a price-to-earnings ratio of 5.89, a P/E/G ratio of 0.24 and a beta of 1.07. The business’s fifty day moving average price is $9.52 and its two-hundred day moving average price is $10.60.

Analysts Set New Price Targets

VWAGY has been the subject of a number of recent research reports. Zacks Research downgraded Volkswagen from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Volkswagen

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.