AB Volvo (VLVLY) Expected to Announce Quarterly Earnings on Friday

AB Volvo (OTCMKTS:VLVLY) is expected to release its results before the market opens on Friday, October 17th. Analysts expect AB Volvo to post earnings of $0.54 per share and revenue of $115.7859 billion for the quarter.

AB Volvo (OTCMKTS:VLVLY) last announced its quarterly earnings results on Thursday, July 17th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.16. AB Volvo had a return on equity of 23.77% and a net margin of 8.90%.The firm had revenue of $12.59 billion during the quarter, compared to analyst estimates of $122.35 billion. On average, analysts expect AB Volvo to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

AB Volvo Price Performance

Shares of AB Volvo stock opened at $27.65 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.88. AB Volvo has a twelve month low of $22.55 and a twelve month high of $33.33. The business has a 50-day moving average price of $29.56 and a 200 day moving average price of $28.18. The firm has a market cap of $56.22 billion, a PE ratio of 13.10, a P/E/G ratio of 3.95 and a beta of 1.16.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VLVLY. Sanford C. Bernstein upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group lowered AB Volvo from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

AB Volvo Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.