AB Volvo (OTCMKTS:VLVLY) Releases Earnings Results, Beats Estimates By $0.04 EPS

AB Volvo (OTCMKTS:VLVLY) issued its quarterly earnings results on Wednesday. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04, Zacks reports. AB Volvo had a return on equity of 22.66% and a net margin of 8.47%.The firm had revenue of $14.01 billion for the quarter, compared to analysts’ expectations of $13.42 billion.

AB Volvo Stock Down 0.8%

VLVLY stock traded down $0.30 during mid-day trading on Thursday, hitting $36.26. The stock had a trading volume of 13,727 shares, compared to its average volume of 78,741. The stock has a market capitalization of $73.73 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 6.03 and a beta of 1.13. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.79. AB Volvo has a 1-year low of $22.55 and a 1-year high of $36.87. The company has a fifty day moving average of $32.08 and a 200 day moving average of $29.96.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VLVLY shares. The Goldman Sachs Group upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Zacks Research upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Citigroup upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. UBS Group cut AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lowered AB Volvo from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, AB Volvo has an average rating of “Hold”.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.