FY2018 EPS Estimates for Volvo Ab Cut by Jefferies Group (VLVLY)

Volvo Ab (OTCMKTS:VLVLY) – Equities research analysts at Jefferies Group dropped their FY2018 earnings per share estimates for Volvo in a research report issued on Monday. Jefferies Group analyst G. Phillips now anticipates that the company will post earnings of $1.60 per share for the year, down from their prior forecast of $1.62. Jefferies Group also issued estimates for Volvo’s FY2019 earnings at $1.72 EPS and FY2020 earnings at $1.82 EPS.

Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). The business had revenue of $11.04 billion during the quarter, compared to the consensus estimate of $10.89 billion. Volvo had a return on equity of 21.08% and a net margin of 6.27%.

Separately, Zacks Investment Research cut Volvo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 21st.

Shares of Volvo (VLVLY) traded up $0.01 during mid-day trading on Wednesday, hitting $18.75. The stock had a trading volume of 2,061 shares, compared to its average volume of 13,153. The company has a market cap of $38,142.18, a price-to-earnings ratio of 15.27, a P/E/G ratio of 0.82 and a beta of 1.10. Volvo has a 12-month low of $12.96 and a 12-month high of $20.86. The company has a current ratio of 1.09, a quick ratio of 0.79 and a debt-to-equity ratio of 0.69.

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Volvo Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, and internationally. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis under the Volvo, Prevost, Nova Bus, UD Bus, and Sunwin brands.

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