VOLVO AB/ADR (OTCMKTS:VLVLY) Announces Earnings Results, Beats Estimates By $0.08 EPS
VOLVO AB/ADR (OTCMKTS:VLVLY) announced its quarterly earnings results on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08, Morningstar.com reports. VOLVO AB/ADR had a return on equity of 24.85% and a net margin of 7.43%. The company had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $11.63 billion.
VLVLY stock opened at $15.87 on Friday. VOLVO AB/ADR has a fifty-two week low of $12.06 and a fifty-two week high of $18.29. The stock’s 50 day moving average price is $15.26. The stock has a market cap of $32.23 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51.
A number of research analysts recently issued reports on the company. ValuEngine upgraded Xylem from a “hold” rating to a “buy” rating in a report on Friday, June 21st. Royal Bank of Canada restated a “sector perform” rating and set a GBX 2,750 ($35.93) price target on shares of in a report on Tuesday, June 4th. Goldman Sachs Group restated a “buy” rating and set a GBX 265 ($3.46) price target on shares of Tesco in a report on Tuesday, April 2nd. Finally, Zacks Investment Research upgraded Zymeworks from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Saturday, April 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.00.
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 under the Volvo, Prevost, Nova Bus, and UD Bus brands.
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