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

AB Volvo (OTCMKTS:VLVLY) issued its quarterly earnings results on Wednesday. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04, Zacks reports. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%.The firm had revenue of $14.01 billion during the quarter, compared to the consensus estimate of $13.42 billion.

AB Volvo Stock Performance

Shares of VLVLY stock opened at $37.03 on Friday. The company has a market cap of $75.30 billion, a P/E ratio of 18.15, a PEG ratio of 6.17 and a beta of 1.13. The business has a 50 day moving average of $32.28 and a two-hundred day moving average of $30.01. AB Volvo has a 52 week low of $22.55 and a 52 week high of $37.03. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VLVLY shares. Deutsche Bank Aktiengesellschaft lowered shares of AB Volvo from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. UBS Group lowered shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Morgan Stanley downgraded AB Volvo from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 13th. Sanford C. Bernstein raised AB Volvo from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Kepler Capital Markets reaffirmed a “hold” rating on shares of AB Volvo in a report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently 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.