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

AB Volvo (OTCMKTS:VLVLY) is expected to be issuing its resultson Friday, July 17th. Analysts expect the company to post earnings of $0.5460 per share and revenue of $12.9380 billion for the quarter.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings results on Friday, April 24th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). AB Volvo had a net margin of 8.32% and a return on equity of 22.17%. The company had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $12.42 billion. On average, analysts expect AB Volvo to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

AB Volvo Stock Performance

Shares of VLVLY stock opened at $34.55 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.19. The firm has a market cap of $70.26 billion, a P/E ratio of 17.02, a P/E/G ratio of 0.78 and a beta of 1.19. The firm’s 50 day moving average price is $34.06 and its 200-day moving average price is $34.63. AB Volvo has a one year low of $26.11 and a one year high of $39.62.

Analyst Ratings Changes

Separately, Pareto Securities raised AB Volvo to a “strong-buy” rating in a research report on Thursday, June 11th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

AB Volvo Company Profile

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.