Volkswagen (OTCMKTS:VWAGY) Releases Quarterly Earnings Results, Misses Expectations By $0.30 EPS

Volkswagen (OTCMKTS:VWAGY) announced its quarterly earnings results on Friday. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.30), Zacks reports. Volkswagen had a return on equity of 3.18% and a net margin of 1.96%.

Volkswagen Price Performance

OTCMKTS VWAGY traded down $0.04 on Friday, hitting $8.30. The stock had a trading volume of 289,825 shares, compared to its average volume of 240,414. The business’s fifty day moving average price is $9.52 and its 200 day moving average price is $10.60. The stock has a market cap of $41.61 billion, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 0.24 and a beta of 1.07. Volkswagen has a 52-week low of $8.07 and a 52-week high of $12.83.

Analysts Set New Price Targets

A number of equities analysts recently commented on VWAGY shares. Citigroup reissued a “buy” rating on shares of Volkswagen in a research note on Tuesday, June 23rd. Zacks Research lowered Volkswagen from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. One 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 data from MarketBeat, the stock presently has an average 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.