Volkswagen (OTCMKTS:VWAGY) Announces Quarterly Earnings Results, Misses Estimates By $0.30 EPS

Volkswagen (OTCMKTS:VWAGYGet Free Report) posted its earnings results on Friday. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.30), Zacks reports. The firm had revenue of $93.81 billion for the quarter, compared to analysts’ expectations of $92.92 billion. Volkswagen had a return on equity of 3.18% and a net margin of 1.96%.

Volkswagen Price Performance

Shares of Volkswagen stock opened at $8.27 on Friday. Volkswagen has a 1 year low of $8.07 and a 1 year high of $12.83. The company has a market capitalization of $41.46 billion, a P/E ratio of 6.78, a P/E/G ratio of 0.30 and a beta of 1.07. The business has a 50 day moving average price of $9.48 and a 200 day moving average price of $10.58.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VWAGY shares. Citigroup restated a “buy” rating on shares of Volkswagen in a research report on Tuesday, June 23rd. Zacks Research lowered shares of Volkswagen from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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Key Headlines Impacting Volkswagen

Here are the key news stories impacting Volkswagen this week:

About Volkswagen

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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.

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Earnings History for Volkswagen (OTCMKTS:VWAGY)

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