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

AB Volvo (publ) (OTCMKTS:VLVLY) released its quarterly earnings results on Friday. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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%.

VLVLY traded up $0.60 during trading on Friday, hitting $20.62. 103,824 shares of the company traded hands, compared to its average volume of 68,637. The company has a market cap of $41.92 billion, a PE ratio of 21.71 and a beta of 1.50. The stock’s 50-day simple moving average is $19.49 and its two-hundred day simple moving average is $16.17. AB Volvo has a 1 year low of $9.05 and a 1 year high of $20.82. The company has a current ratio of 1.39, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

VLVLY has been the topic of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of AB Volvo (publ) in a research report on Monday, July 20th. Morgan Stanley reiterated an “underweight” rating on shares of AB Volvo (publ) in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of AB Volvo (publ) in a research report on Tuesday. ValuEngine raised shares of AB Volvo (publ) from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, UBS Group reissued a “neutral” rating on shares of AB Volvo (publ) in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus 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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