AB Volvo (OTCMKTS:VLVLY – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03), Zacks reports. AB Volvo had a net margin of 7.60% and a return on equity of 20.16%.
AB Volvo Stock Performance
OTCMKTS:VLVLY traded down $0.90 on Friday, hitting $30.67. The company’s stock had a trading volume of 46,396 shares, compared to its average volume of 147,753. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average of $33.92 and a two-hundred day moving average of $34.52. The firm has a market capitalization of $62.37 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 0.77 and a beta of 1.22. AB Volvo has a one year low of $26.77 and a one year high of $39.62.
Wall Street Analyst Weigh In
VLVLY has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of AB Volvo from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Erste Group Bank cut shares of AB Volvo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.
Check Out Our Latest Stock Report on AB Volvo
About AB Volvo
AB Volvo is a Sweden-based manufacturer of commercial vehicles and transportation-related products. Founded in 1927 and headquartered in Gothenburg, the company develops and sells trucks, buses, construction equipment, and marine and industrial engines. AB Volvo is separate from Volvo Cars, which became an independent company in 1999.
The company’s commercial vehicle operations include heavy-duty, medium-duty, and light-duty trucks sold under brands such as Volvo Trucks, Mack Trucks, Renault Trucks, and UD Trucks.
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