Volkswagen (VWAGY) Expected to Announce Earnings on Tuesday

Volkswagen (OTCMKTS:VWAGY) is projected to release its results before the market opens on Tuesday, March 10th. Analysts expect Volkswagen to post earnings of $0.5940 per share and revenue of $84.9249 billion for the quarter.

Volkswagen Trading Down 2.1%

Shares of OTCMKTS VWAGY opened at $10.62 on Monday. The company has a 50-day moving average of $11.99 and a 200 day moving average of $11.65. The stock has a market cap of $53.24 billion, a PE ratio of 7.43, a P/E/G ratio of 0.88 and a beta of 1.14. Volkswagen has a 12-month low of $9.20 and a 12-month high of $12.83.

Analysts Set New Price Targets

A number of brokerages have recently commented on VWAGY. HSBC reaffirmed a “buy” rating on shares of Volkswagen in a research report on Tuesday, January 13th. Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a research report on Friday, January 16th. The Goldman Sachs Group began coverage on Volkswagen in a report on Sunday, November 23rd. They issued a “neutral” rating on the stock. Finally, Zacks Research upgraded Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.