AB Volvo (VLVLY) to Release Earnings on Thursday

AB Volvo (OTCMKTS:VLVLY - Get Free Report) will likely be releasing its earnings data on Thursday, July 17th. Analysts expect AB Volvo to post earnings of $0.53 per share and revenue of $122.35 billion for the quarter.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.10). AB Volvo had a return on equity of 24.36% and a net margin of 8.93%. The firm had revenue of $12.79 billion for the quarter, compared to analysts' expectations of $131.15 billion. 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 Trading Down 1.9%

Shares of VLVLY traded down $0.55 during midday trading on Friday, hitting $28.53. The stock had a trading volume of 73,625 shares, compared to its average volume of 213,607. The stock's 50 day moving average is $27.76 and its 200 day moving average is $27.82. The firm has a market cap of $58.01 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 3.41 and a beta of 1.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.04. AB Volvo has a 1 year low of $22.55 and a 1 year high of $33.33.

Analyst Ratings Changes

Several equities analysts recently commented on VLVLY shares. Royal Bank Of Canada upgraded shares of AB Volvo from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 15th. Barclays cut AB Volvo from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, March 25th. Finally, Sanford C. Bernstein began coverage on AB Volvo in a research note on Tuesday, April 1st. They set an "underperform" rating for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

AB Volvo Company Profile

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.