AB Volvo (OTCMKTS:VLVLY – Get Free Report) posted its earnings results on Friday. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54, Zacks reports. AB Volvo had a net margin of 8.32% and a return on equity of 22.17%. The company had revenue of $13.09 billion for the quarter, compared to analysts’ expectations of $12.92 billion.
AB Volvo Stock Performance
AB Volvo stock opened at $35.19 on Friday. The firm has a market capitalization of $71.56 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19. AB Volvo has a one year low of $26.11 and a one year high of $39.62. The stock’s 50 day moving average price is $34.07 and its 200 day moving average price is $34.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.19.
Analyst Ratings Changes
Separately, Pareto Securities upgraded AB Volvo to a “strong-buy” rating in a research report on Thursday, June 11th. Three analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
AB Volvo Company Profile
AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.
Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.
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