Volkswagen (OTCMKTS:VWAGY) Posts Quarterly Earnings Results, Misses Estimates By $0.30 EPS

Volkswagen (OTCMKTS:VWAGY) issued its quarterly earnings data on Friday. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.30), Zacks reports. Volkswagen had a net margin of 1.96% and a return on equity of 3.18%.

Volkswagen Trading Down 0.6%

VWAGY traded down $0.05 during midday trading on Friday, hitting $8.29. The company’s stock had a trading volume of 292,091 shares, compared to its average volume of 240,464. Volkswagen has a 52-week low of $8.07 and a 52-week high of $12.83. The firm has a 50-day moving average price of $9.52 and a two-hundred day moving average price of $10.60. The firm has a market cap of $41.56 billion, a P/E ratio of 5.88, a PEG ratio of 0.24 and a beta of 1.07.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VWAGY. Zacks Research cut Volkswagen from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Citigroup reissued a “buy” rating on shares of Volkswagen in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Volkswagen presently has a consensus rating of “Moderate Buy”.

Volkswagen Company Profile

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.