Volkswagen (OTCMKTS:VWAGY) Releases Earnings Results, Misses Expectations By $0.30 EPS

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

Volkswagen Stock Performance

VWAGY stock opened at $8.27 on Friday. The business has a 50-day simple moving average of $9.48 and a two-hundred day simple moving average of $10.58. The company has a market capitalization of $41.46 billion, a P/E ratio of 5.87, a price-to-earnings-growth ratio of 0.30 and a beta of 1.07. Volkswagen has a 52-week low of $8.07 and a 52-week high of $12.83.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VWAGY. Zacks Research downgraded Volkswagen from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Volkswagen currently has a consensus rating of “Moderate Buy”.

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Volkswagen News Roundup

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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