AB Volvo (OTCMKTS:VLVLY) Announces Quarterly Earnings Results

AB Volvo (OTCMKTS:VLVLY) announced its quarterly earnings results on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04, Zacks reports. The firm had revenue of $14.01 billion for the quarter, compared to the consensus estimate of $13.42 billion. AB Volvo had a net margin of 8.47% and a return on equity of 22.66%.

AB Volvo Stock Performance

OTCMKTS:VLVLY traded up $0.21 during trading hours on Thursday, hitting $36.77. 32,520 shares of the company traded hands, compared to its average volume of 79,268. AB Volvo has a twelve month low of $22.55 and a twelve month high of $36.87. The stock has a market capitalization of $74.77 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 6.03 and a beta of 1.13. The firm has a 50-day moving average of $32.08 and a 200 day moving average of $29.96. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.79.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VLVLY shares. Sanford C. Bernstein raised AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Citigroup raised shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Kepler Capital Markets restated a “hold” rating on shares of AB Volvo in a research note on Friday, January 16th. UBS Group downgraded shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group raised AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About AB Volvo

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.