Volkswagen (VWAGY) Expected to Announce Quarterly Earnings on Thursday

Volkswagen (OTCMKTS:VWAGY) is expected to be announcing its results before the market opens on Thursday, October 29th. Analysts expect Volkswagen to post earnings of $0.33 per share and revenue of $88.08 billion for the quarter.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings data on Friday, July 24th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Volkswagen had a return on equity of 2.70% and a net margin of 1.68%. The firm had revenue of $93.81 billion during the quarter, compared to analysts’ expectations of $92.92 billion. On average, analysts expect Volkswagen to post $1.76 EPS for the current fiscal year and $2.24 EPS for the next fiscal year.

Volkswagen Price Performance

Shares of OTCMKTS VWAGY opened at $7.64 on Tuesday. The company has a market cap of $38.30 billion, a P/E ratio of 6.26, a PEG ratio of 0.34 and a beta of 1.08. Volkswagen has a 1 year low of $7.38 and a 1 year high of $12.83. The firm has a 50-day simple moving average of $8.41 and a two-hundred day simple moving average of $9.90.

Wall Street Analyst Weigh In

VWAGY has been the topic of a number of analyst reports. Kepler Capital Markets cut Volkswagen from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Volkswagen in a research note on Monday, July 27th. Zacks Research upgraded Volkswagen from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Volkswagen presently has an average rating of “Moderate Buy”.

About Volkswagen

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has grown from the Volkswagen passenger-car brand into one of the world’s largest automotive groups, serving customers across Europe, the Americas, Asia-Pacific, and other international markets.

The company develops, manufactures, and sells passenger cars, sport utility vehicles, performance vehicles, luxury automobiles, motorcycles, commercial vehicles, and related mobility services.