AB Volvo (publ) (OTCMKTS:VLVLY) Announces Earnings Results, Beats Estimates By $0.10 EPS

AB Volvo (publ) (OTCMKTS:VLVLY) released its quarterly earnings data on Friday. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10, MarketWatch Earnings reports. AB Volvo (publ) had a net margin of 5.03% and a return on equity of 12.94%.

AB Volvo (publ) stock traded up $0.60 during mid-day trading on Friday, hitting $20.62. The company’s stock had a trading volume of 103,824 shares, compared to its average volume of 68,637. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.14. The stock has a market cap of $41.92 billion, a price-to-earnings ratio of 21.71 and a beta of 1.50. The business has a 50 day moving average price of $19.49 and a 200-day moving average price of $16.17. AB Volvo has a 12 month low of $9.05 and a 12 month high of $20.82.

A number of research firms recently weighed in on VLVLY. ValuEngine upgraded shares of AB Volvo (publ) from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Morgan Stanley restated an “underweight” rating on shares of AB Volvo (publ) in a research report on Wednesday, July 22nd. Royal Bank of Canada restated a “sector perform” rating on shares of AB Volvo (publ) in a research report on Monday, July 20th. UBS Group restated a “neutral” rating on shares of AB Volvo (publ) in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of AB Volvo (publ) in a research report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.00.

About AB Volvo (publ)

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, Africa, and Oceania. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, and Dongfeng brands; and city and intercity buses, coaches, and bus chassis, as well as associated transport systems under the Prevost and Nova Bus brands.

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Earnings History for AB Volvo (publ) (OTCMKTS:VLVLY)

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