AB Volvo (OTCMKTS:VLVLY) Posts Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Key Points

• AB Volvo reported a quarterly earnings per share (EPS) of $0.39, missing analysts' expectations by $0.13.
• The company's revenue for the quarter was $11.75 billion, significantly below the estimated $115.79 billion.
• Shares of AB Volvo fell 6.4% following the earnings announcement, with a current market cap of $53.60 billion.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.13), reports. AB Volvo had a return on equity of 23.77% and a net margin of 8.90%.The company had revenue of $11.75 billion for the quarter, compared to analyst estimates of $115.79 billion.

AB Volvo Stock Down 6.4%

Shares of OTCMKTS:VLVLY opened at $26.36 on Friday. AB Volvo has a 52-week low of $22.55 and a 52-week high of $33.33. The business's 50 day simple moving average is $29.44 and its two-hundred day simple moving average is $28.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.86 and a current ratio of 1.11. The firm has a market cap of $53.60 billion, a P/E ratio of 12.49, a PEG ratio of 4.05 and a beta of 1.16.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VLVLY shares. Sanford C. Bernstein raised shares of AB Volvo from a "strong sell" rating to a "hold" rating in a research note on Monday, October 13th. The Goldman Sachs Group cut AB Volvo from a "buy" rating to a "neutral" rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.

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