Porsche Automobil (POAHY) Projected to Release Quarterly Earnings on Friday

Porsche Automobil (OTCMKTS:POAHY) is projected to announce its resultson Friday, August 7th. Analysts expect the company to post earnings of $0.3563 per share and revenue of $8.9790 billion for the quarter.

Porsche Automobil Stock Down 0.6%

Shares of POAHY opened at $3.31 on Thursday. The business’s fifty day moving average price is $3.29 and its two-hundred day moving average price is $3.67. Porsche Automobil has a 52 week low of $3.01 and a 52 week high of $4.79. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. The Goldman Sachs Group raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Porsche Automobil presently has an average rating of “Strong Buy”.

About Porsche Automobil

Porsche Automobil Holding SE, trading in the United States as an OTC ADR under the symbol POAHY, is a German publicly traded holding company whose principal business activity is managing long-term equity investments in the global automotive sector. The company’s core asset is a majority economic interest and significant voting control in Volkswagen AG, one of the world’s leading automotive manufacturers. Through this stake, Porsche Automobil takes an active governance role across Volkswagen’s portfolio of brands, including Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini and Porsche AG.