Volkswagen (OTCMKTS:VWAGY) Issues Quarterly Earnings Results, Misses Expectations By $1.39 EPS

Volkswagen (OTCMKTS:VWAGY) issued its quarterly earnings data on Thursday. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($1.39), Zacks reports. Volkswagen had a net margin of 0.41% and a return on equity of 0.65%. The firm had revenue of $83.82 billion during the quarter, compared to analyst estimates of $88.08 billion.

Volkswagen Price Performance

VWAGY traded down $0.19 during trading on Friday, hitting $7.61. 453,271 shares of the stock traded hands, compared to its average volume of 457,235. The business has a 50 day moving average price of $8.32 and a 200 day moving average price of $9.79. Volkswagen has a twelve month low of $7.38 and a twelve month high of $12.83. The company has a market cap of $38.15 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 0.35 and a beta of 1.08.

Analyst Ratings Changes

Several brokerages have recently commented on VWAGY. Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a report on Tuesday, September 8th. Kepler Capital Markets cut Volkswagen from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Zacks Research raised Volkswagen from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Volkswagen in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently 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.