Volkswagen (VWAGY) Projected to Announce Earnings on Friday

Volkswagen (OTCMKTS:VWAGY) is expected to be issuing its resultson Friday, July 24th. Analysts expect the company to announce earnings of $0.66 per share and revenue of $93.7386 billion for the quarter.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.11). Volkswagen had a return on equity of 3.18% and a net margin of 1.96%.The company had revenue of $88.75 billion during the quarter, compared to the consensus estimate of $91.84 billion. On average, analysts expect Volkswagen to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Volkswagen Trading Down 1.0%

OTCMKTS VWAGY opened at $8.60 on Friday. Volkswagen has a 12 month low of $8.07 and a 12 month high of $12.83. The stock has a market cap of $43.11 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 0.25 and a beta of 1.07. The company’s 50 day moving average is $9.72 and its two-hundred day moving average is $10.73.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VWAGY shares. Citigroup reissued a “buy” rating on shares of Volkswagen in a research note on Tuesday, June 23rd. Zacks Research downgraded shares of Volkswagen from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Volkswagen has an average rating of “Moderate Buy”.

About Volkswagen

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.