Volkswagen (VWAGY) Expected to Release Quarterly Earnings on Friday

Volkswagen (OTCMKTS:VWAGY) is anticipated to release its resultson Friday, July 24th. Analysts expect Volkswagen to announce earnings of $0.5960 per share and revenue of $92.9107 billion for the quarter.

Volkswagen (OTCMKTS:VWAGY) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.11). The company had revenue of $88.75 billion for the quarter, compared to the consensus estimate of $91.84 billion. Volkswagen had a net margin of 1.96% and a return on equity of 3.18%. On average, analysts expect Volkswagen to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Volkswagen Stock Up 0.8%

VWAGY stock opened at $8.52 on Thursday. The company has a 50-day simple moving average of $9.56 and a 200 day simple moving average of $10.63. The company has a market capitalization of $42.71 billion, a P/E ratio of 6.04, a PEG ratio of 0.24 and a beta of 1.07. Volkswagen has a fifty-two week low of $8.07 and a fifty-two week high of $12.83.

Analyst Ratings Changes

VWAGY has been the topic of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of Volkswagen in a research report on Tuesday, June 23rd. Zacks Research cut shares of Volkswagen from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently 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.