AB Volvo Stock Gets Lower EPS Forecast from Erste Group Bank

AB Volvo (OTCMKTS:VLVLY) – Erste Group Bank reduced their FY2027 EPS estimates for AB Volvo in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now anticipates that the company will post earnings of $2.61 per share for the year, down from their previous estimate of $2.70. Erste Group Bank has a “Strong-Buy” rating on the stock. The consensus estimate for AB Volvo’s current full-year earnings is $2.13 per share.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings data on Friday, July 17th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $13.09 billion during the quarter, compared to analyst estimates of $12.92 billion. AB Volvo had a return on equity of 20.16% and a net margin of 7.60%.

Separately, Zacks Research downgraded AB Volvo from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

AB Volvo Stock Performance

Shares of VLVLY opened at $31.67 on Wednesday. AB Volvo has a one year low of $26.11 and a one year high of $39.62. The stock has a market cap of $64.40 billion, a P/E ratio of 16.70, a P/E/G ratio of 0.74 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.82 and a current ratio of 1.10. The stock has a 50-day moving average of $34.61 and a two-hundred day moving average of $34.53.

AB Volvo Company Profile

AB Volvo, commonly known as the Volvo Group, is a Sweden-based manufacturer of commercial vehicles and related equipment. The company develops and sells heavy-duty trucks under brands including Volvo Trucks, Mack, Renault Trucks and UD Trucks, serving industries such as freight transportation, construction and distribution.

In addition to trucks, Volvo Group provides buses and coaches, construction equipment, and marine and industrial engines. Its offerings are supported by aftermarket services, spare parts, maintenance, repair and fleet-management solutions designed to help customers operate and maintain their vehicles and equipment.

Founded in 1927 and headquartered in Gothenburg, Sweden, AB Volvo serves customers through operations and sales networks across Europe, North America, South America, Asia, Africa and Oceania.