AB Volvo (VLVLY) Projected to Announce Quarterly Earnings on Friday

AB Volvo (OTCMKTS:VLVLY) is projected to issue its results before the market opens on Friday, October 23rd. Analysts expect the company to announce earnings of $0.58 per share and revenue of $12.53 billion for the quarter.

AB Volvo Stock Performance

OTCMKTS:VLVLY opened at $32.34 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.82 and a current ratio of 1.10. The stock has a market capitalization of $65.76 billion, a PE ratio of 17.23, a P/E/G ratio of 0.77 and a beta of 1.22. AB Volvo has a fifty-two week low of $26.77 and a fifty-two week high of $39.62. The company has a fifty day moving average of $34.00 and a two-hundred day moving average of $34.53.

Wall Street Analyst Weigh In

VLVLY has been the subject of a number of research reports. Erste Group Bank raised shares of AB Volvo to a “strong-buy” rating in a research note on Wednesday, August 5th. Zacks Research downgraded shares of AB Volvo from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

AB Volvo Company Profile

AB Volvo is a Sweden-based manufacturer of commercial vehicles and transportation-related products. Founded in 1927 and headquartered in Gothenburg, the company develops and sells trucks, buses, construction equipment, and marine and industrial engines. AB Volvo is separate from Volvo Cars, which became an independent company in 1999.

The company’s commercial vehicle operations include heavy-duty, medium-duty, and light-duty trucks sold under brands such as Volvo Trucks, Mack Trucks, Renault Trucks, and UD Trucks.