Volkswagen (VWAGY) Projected to Announce Quarterly Earnings on Thursday

Volkswagen (OTCMKTS:VWAGY) is expected to announce its results before the market opens on Thursday, October 29th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $88.08 billion for the quarter.

Volkswagen Stock Down 0.8%

Shares of OTCMKTS:VWAGY opened at $7.58 on Wednesday. Volkswagen has a 1-year low of $7.38 and a 1-year high of $12.83. The firm’s 50 day simple moving average is $8.38 and its two-hundred day simple moving average is $9.86.

Wall Street Analysts Forecast Growth

VWAGY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Volkswagen in a research note on Monday, July 27th. Kepler Capital Markets lowered Volkswagen from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Citigroup reissued a “buy” rating on shares of Volkswagen in a report on Tuesday, September 8th. Finally, Zacks Research raised Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Volkswagen

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has grown from the Volkswagen passenger-car brand into one of the world’s largest automotive groups, serving customers across Europe, the Americas, Asia-Pacific, and other international markets.

The company develops, manufactures, and sells passenger cars, sport utility vehicles, performance vehicles, luxury automobiles, motorcycles, commercial vehicles, and related mobility services.