AB Volvo (VLVLY) Projected to Post Earnings on Friday

Key Points

• Earnings Friday (April 24): AB Volvo is expected to report Q results with analysts forecasting EPS $0.5060 and $12.4156 billion in revenue.
• Recent beat and outlook: In the prior quarter Volvo reported $0.50 EPS (beating estimates) and $14.01 billion revenue, and analysts forecast roughly $2 EPS for the current fiscal year and $3 EPS for next year.
• Market and sentiment: Shares trade around $34.29 with a market cap of about $69.7B and a P/E of 16.8, while analyst consensus is a "Hold" (2 Strong Buy, 6 Hold, 1 Sell).

AB Volvo (OTCMKTS:VLVLY - Get Free Report) is expected to be releasing its resultson Friday, April 24th. Analysts expect AB Volvo to post earnings of $0.5060 per share and revenue of $12.4156 billion for the quarter.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last issued its earnings results on Wednesday, January 28th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.04. The company had revenue of $14.01 billion for the quarter, compared to analysts' expectations of $13.42 billion. AB Volvo had a net margin of 8.47% and a return on equity of 23.01%. On average, analysts expect AB Volvo to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

AB Volvo Stock Down 1.2%

Shares of OTCMKTS:VLVLY opened at $34.29 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.85 and a current ratio of 1.12. AB Volvo has a 1-year low of $25.50 and a 1-year high of $39.62. The company's fifty day moving average is $35.54 and its two-hundred day moving average is $32.41. The stock has a market capitalization of $69.73 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21.

Analyst Ratings Changes

VLVLY has been the topic of a number of analyst reports. Zacks Research raised shares of AB Volvo from a "strong sell" rating to a "hold" rating in a report on Friday, December 19th. UBS Group cut shares of AB Volvo from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, January 13th. Royal Bank Of Canada cut shares of AB Volvo from an "outperform" rating to a "sector perform" rating in a research note on Friday, February 13th. Kepler Capital Markets reaffirmed a "hold" rating on shares of AB Volvo in a research note on Friday, January 16th. Finally, Morgan Stanley cut shares of AB Volvo from an "overweight" rating to an "equal weight" rating in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, AB Volvo has a consensus 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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