AB Volvo (OTCMKTS:VLVLY) Issues Quarterly Earnings Results

AB Volvo (OTCMKTS:VLVLY) posted its earnings results on Friday. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06), Zacks reports. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%.

AB Volvo Trading Up 3.3%

Shares of OTCMKTS VLVLY traded up $1.12 during trading on Friday, reaching $34.95. The stock had a trading volume of 13,293 shares, compared to its average volume of 155,642. AB Volvo has a fifty-two week low of $26.11 and a fifty-two week high of $39.62. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.85 and a current ratio of 1.12. The business’s 50-day moving average price is $35.14 and its 200-day moving average price is $32.61. The company has a market cap of $71.06 billion, a P/E ratio of 17.13, a PEG ratio of 0.84 and a beta of 1.21.

Wall Street Analyst Weigh In

Several research firms have issued reports on VLVLY. UBS Group cut AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada cut AB Volvo from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 13th. The Goldman Sachs Group raised AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Kepler Capital Markets reaffirmed a “hold” rating on shares of AB Volvo in a research note on Friday, January 16th. Finally, Morgan Stanley cut AB Volvo from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.