AB Volvo (publ) (OTCMKTS:VLVLY) Posts Quarterly Earnings Results

AB Volvo (publ) (OTCMKTS:VLVLY) announced its quarterly earnings data on Wednesday. The company reported $0.49 EPS for the quarter, Zacks reports. AB Volvo (publ) had a return on equity of 29.41% and a net margin of 9.64%.

AB Volvo (publ) Stock Performance

OTCMKTS:VLVLY opened at $28.06 on Thursday. The company has a market cap of $57.05 billion, a price-to-earnings ratio of 10.76 and a beta of 1.29. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week high of $30.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.97 and a current ratio of 1.29. The stock has a fifty day moving average price of $25.09 and a 200-day moving average price of $25.38.

Analyst Ratings Changes

VLVLY has been the topic of several recent analyst reports. Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Citigroup upgraded shares of AB Volvo (publ) to a “hold” rating in a research note on Friday, October 11th. UBS Group raised AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.