Volkswagen (OTCMKTS:VWAGY) Posts Earnings Results, Beats Expectations By $0.14 EPS

Volkswagen (OTCMKTS:VWAGY) announced its quarterly earnings results on Tuesday. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14, Zacks reports. The firm had revenue of $99.97 billion for the quarter, compared to the consensus estimate of $84.92 billion. Volkswagen had a net margin of 1.99% and a return on equity of 3.26%.

Volkswagen Trading Up 2.0%

VWAGY traded up $0.21 during trading on Wednesday, reaching $10.73. The stock had a trading volume of 15,201 shares, compared to its average volume of 128,427. Volkswagen has a one year low of $9.20 and a one year high of $12.83. The company has a market capitalization of $53.79 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 0.88 and a beta of 1.14. The stock’s 50 day moving average is $11.92 and its two-hundred day moving average is $11.63.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. HSBC restated a “buy” rating on shares of Volkswagen in a research report on Tuesday, January 13th. Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a research note on Friday, January 16th. The Goldman Sachs Group started coverage on Volkswagen in a research note on Sunday, November 23rd. They set a “neutral” rating for the company. Finally, Zacks Research raised shares of Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Volkswagen

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.