AB Volvo (OTCMKTS:VLVLY – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03), Zacks reports. AB Volvo had a net margin of 7.60% and a return on equity of 20.16%.
AB Volvo Stock Performance
OTCMKTS:VLVLY traded down $0.90 during mid-day trading on Friday, hitting $30.67. 46,396 shares of the stock were exchanged, compared to its average volume of 147,753. The firm’s 50-day simple moving average is $33.92 and its 200 day simple moving average is $34.52. The stock has a market capitalization of $62.37 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.77 and a beta of 1.22. AB Volvo has a fifty-two week low of $26.77 and a fifty-two week high of $39.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.82 and a current ratio of 1.10.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Zacks Research cut shares of AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Erste Group Bank lowered shares of AB Volvo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on VLVLY
About AB Volvo
AB Volvo is a Sweden-based manufacturer of commercial vehicles and transportation-related products. Founded in 1927 and headquartered in Gothenburg, the company develops and sells trucks, buses, construction equipment, and marine and industrial engines. AB Volvo is separate from Volvo Cars, which became an independent company in 1999.
The company’s commercial vehicle operations include heavy-duty, medium-duty, and light-duty trucks sold under brands such as Volvo Trucks, Mack Trucks, Renault Trucks, and UD Trucks.
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