AB Volvo (OTCMKTS:VLVLY) Posts Earnings Results, Misses Expectations By $0.06 EPS

Key Points

• AB Volvo missed expectations: Reported EPS of $0.45 versus analysts' $0.51 (a $0.06 miss) for the quarter, with a return on equity of 23.01% and a net margin of 8.47%.
• Stock and valuation: Shares traded up to $34.95 on low volume, and the company has a market cap of $71.06 billion, a P/E of 17.13 and a PEG of 0.84.
• Analyst outlook is mixed: Recent divergent calls (UBS cut to "strong sell", Goldman raised to "strong buy") leave an average consensus of "Hold" (2 Strong Buy, 6 Hold, 1 Sell).

AB Volvo (OTCMKTS:VLVLY - Get Free Report) posted its earnings results on Friday. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06), Zacks reports. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%.

AB Volvo Stock Performance

OTCMKTS VLVLY traded up $1.12 on Friday, reaching $34.95. The stock had a trading volume of 12,975 shares, compared to its average volume of 155,637. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85. The firm has a fifty day moving average of $35.14 and a two-hundred day moving average of $32.61. AB Volvo has a 1-year low of $26.11 and a 1-year high of $39.62. The company has a market cap of $71.06 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21.

Analysts Set New Price Targets

VLVLY has been the topic of a number of recent analyst reports. UBS Group lowered AB Volvo from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, January 13th. The Goldman Sachs Group raised AB Volvo from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 7th. Royal Bank Of Canada lowered AB Volvo from an "outperform" rating to a "sector perform" rating in a report on Friday, February 13th. Kepler Capital Markets reissued a "hold" rating on shares of AB Volvo in a report on Friday, January 16th. Finally, Morgan Stanley lowered AB Volvo from an "overweight" rating to an "equal weight" rating in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AB Volvo has an average rating of "Hold".

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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