Porsche Automobil (POAHY) Projected to Announce Quarterly Earnings on Friday

Porsche Automobil (OTCMKTS:POAHY) is expected to be announcing its resultson Friday, August 7th. Analysts expect the company to post earnings of $0.3563 per share and revenue of $8.9790 billion for the quarter.

Porsche Automobil Stock Performance

OTCMKTS:POAHY traded up $0.01 during trading on Wednesday, reaching $3.32. The company’s stock had a trading volume of 3,206 shares, compared to its average volume of 353,589. Porsche Automobil has a 12 month low of $3.01 and a 12 month high of $4.79. The firm has a 50 day moving average of $3.30 and a 200-day moving average of $3.68. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 11th. UBS Group raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Porsche Automobil has a consensus rating of “Strong Buy”.

About Porsche Automobil

Porsche Automobil Holding SE, trading in the United States as an OTC ADR under the symbol POAHY, is a German publicly traded holding company whose principal business activity is managing long-term equity investments in the global automotive sector. The company’s core asset is a majority economic interest and significant voting control in Volkswagen AG, one of the world’s leading automotive manufacturers. Through this stake, Porsche Automobil takes an active governance role across Volkswagen’s portfolio of brands, including Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini and Porsche AG.