Volkswagen (VWAGY) Expected to Announce Earnings on Tuesday

Volkswagen (OTCMKTS:VWAGY) is expected to be issuing its results before the market opens on Tuesday, March 10th. Analysts expect the company to announce earnings of $0.5940 per share and revenue of $84.9249 billion for the quarter.

Volkswagen Stock Down 2.1%

Volkswagen stock opened at $10.62 on Friday. The company’s 50-day moving average price is $11.99 and its 200-day moving average price is $11.66. The company has a market cap of $53.24 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 0.88 and a beta of 1.14. Volkswagen has a twelve month low of $9.20 and a twelve month high of $12.83.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VWAGY. Zacks Research raised Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. The Goldman Sachs Group started coverage on Volkswagen in a report on Sunday, November 23rd. They issued a “neutral” rating for the company. Citigroup restated a “buy” rating on shares of Volkswagen in a report on Friday, January 16th. Finally, HSBC reaffirmed a “buy” rating on shares of Volkswagen in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Volkswagen Company Profile

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.