AB Volvo (VLVLY) to Release Quarterly Earnings on Wednesday

AB Volvo (OTCMKTS:VLVLY) will likely be releasing its results before the market opens on Wednesday, January 28th. Analysts expect AB Volvo to post earnings of $0.46 per share and revenue of $13.4204 billion for the quarter.

AB Volvo Stock Up 0.5%

AB Volvo stock opened at $35.13 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $71.44 billion, a P/E ratio of 17.31, a P/E/G ratio of 5.93 and a beta of 1.13. The firm has a 50 day moving average price of $31.60 and a 200-day moving average price of $29.82. AB Volvo has a twelve month low of $22.55 and a twelve month high of $35.23.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VLVLY shares. Zacks Research upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. UBS Group cut shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Kepler Capital Markets restated a “hold” rating on shares of AB Volvo in a research report on Friday, January 16th. Morgan Stanley lowered shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Citigroup raised AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, AB Volvo presently has an average rating of “Hold”.

About AB Volvo

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.