AB Volvo (OTCMKTS:VLVLY) Posts Quarterly Earnings Results, Beats Estimates By $0.16 EPS

AB Volvo (OTCMKTS:VLVLY - Get Free Report) released its earnings results on Thursday. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.16, Zacks reports. AB Volvo had a return on equity of 23.45% and a net margin of 8.90%. The firm had revenue of $12.59 billion for the quarter, compared to analyst estimates of $122.35 billion.

AB Volvo Price Performance

VLVLY stock traded up $0.96 during midday trading on Monday, reaching $27.62. 22,234 shares of the company's stock traded hands, compared to its average volume of 172,713. The company has a 50-day simple moving average of $27.79 and a two-hundred day simple moving average of $27.98. AB Volvo has a 1-year low of $22.55 and a 1-year high of $33.33. The company has a market cap of $56.16 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 3.20 and a beta of 1.18. The company has a quick ratio of 1.04, a current ratio of 1.32 and a debt-to-equity ratio of 0.79.

Analysts Set New Price Targets

A number of brokerages have commented on VLVLY. Sanford C. Bernstein began coverage on AB Volvo in a research report on Tuesday, April 1st. They issued an "underperform" rating for the company. Royal Bank Of Canada upgraded AB Volvo from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 15th. Finally, Barclays downgraded AB Volvo from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, AB Volvo has a consensus rating of "Moderate Buy".

About AB Volvo

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.