AB Volvo (publ) (OTCMKTS:VLVLY) Issues Quarterly Earnings Results

AB Volvo (publ) (OTCMKTS:VLVLY) posted its quarterly earnings data on Wednesday. The company reported $0.49 EPS for the quarter, Zacks reports. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.41%.

AB Volvo (publ) Price Performance

Shares of VLVLY opened at $26.09 on Wednesday. The company’s 50-day moving average is $25.09 and its 200-day moving average is $25.38. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.29 and a quick ratio of 0.97. The firm has a market capitalization of $53.04 billion, a PE ratio of 10.78 and a beta of 1.29. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week high of $30.14.

Wall Street Analyst Weigh In

VLVLY has been the topic of several recent analyst reports. Stifel Nicolaus raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research report on Friday, October 25th. Finally, Citigroup raised shares of AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About AB Volvo (publ)

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.