AB Volvo (OTCMKTS:VLVLY) Issues Earnings Results

AB Volvo (OTCMKTS:VLVLY) issued its quarterly earnings data on Friday. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06), Zacks reports. AB Volvo had a net margin of 8.47% and a return on equity of 23.01%.

AB Volvo Price Performance

Shares of VLVLY stock traded up $1.12 on Friday, reaching $34.95. The company had a trading volume of 12,975 shares, compared to its average volume of 155,637. The stock has a market capitalization of $71.06 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. AB Volvo has a one year low of $26.11 and a one year high of $39.62. The business’s 50-day moving average is $35.14 and its 200 day moving average is $32.61.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group lowered AB Volvo from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 13th. Royal Bank Of Canada lowered AB Volvo from an “outperform” rating to a “sector perform” rating in a report on Friday, February 13th. The Goldman Sachs Group raised AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Morgan Stanley lowered AB Volvo from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 13th. Finally, Kepler Capital Markets reissued a “hold” rating on shares of AB Volvo in a report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

AB Volvo Company Profile

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.