AB Volvo (OTCMKTS:VLVLY) Releases Earnings Results, Meets Expectations

AB Volvo (OTCMKTS:VLVLY) posted its quarterly earnings data on Friday. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54, Zacks reports. AB Volvo had a net margin of 8.32% and a return on equity of 22.17%.

AB Volvo Stock Performance

VLVLY opened at $35.34 on Friday. The business has a 50 day moving average price of $34.07 and a two-hundred day moving average price of $34.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 0.91. The company has a market capitalization of $71.86 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 0.82 and a beta of 1.19. AB Volvo has a 1-year low of $26.11 and a 1-year high of $39.62.

Wall Street Analyst Weigh In

Separately, Pareto Securities upgraded shares of AB Volvo to a “strong-buy” rating in a research report on Thursday, June 11th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.