Volkswagen (OTCMKTS:VWAGY) Releases Earnings Results, Misses Estimates By $0.23 EPS

Volkswagen (OTCMKTS:VWAGY) released its earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.23), Zacks reports. Volkswagen had a net margin of 2.11% and a return on equity of 3.43%.

Volkswagen Price Performance

Shares of VWAGY stock traded up $0.01 on Thursday, hitting $10.25. The stock had a trading volume of 236,487 shares, compared to its average volume of 196,892. The business has a 50 day moving average of $10.71 and a 200 day moving average of $11.37. The stock has a market cap of $51.38 billion, a price-to-earnings ratio of 6.87, a price-to-earnings-growth ratio of 0.87 and a beta of 1.03. Volkswagen has a 12-month low of $9.90 and a 12-month high of $12.83.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VWAGY. HSBC restated a “buy” rating on shares of Volkswagen in a report on Tuesday, January 13th. Citigroup restated a “buy” rating on shares of Volkswagen in a report on Friday, January 16th. Finally, Zacks Research upgraded shares of Volkswagen from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Volkswagen currently has a consensus rating of “Moderate Buy”.

Volkswagen Company Profile

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.