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AB Volvo (VLVLY) Projected to Post Earnings on Thursday

AB Volvo logo with Auto/Tires/Trucks background

AB Volvo (OTCMKTS:VLVLY - Get Free Report) will likely be posting its quarterly earnings results 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 announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.10). AB Volvo had a net margin of 8.93% and a return on equity of 24.36%. The firm had revenue of $12.79 billion during 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 Up 1.6%

Shares of VLVLY opened at $28.56 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.04 and a debt-to-equity ratio of 0.79. AB Volvo has a 12-month low of $22.55 and a 12-month high of $33.33. The firm has a 50-day moving average price of $27.70 and a 200 day moving average price of $27.75. The firm has a market capitalization of $58.08 billion, a P/E ratio of 13.35, a P/E/G ratio of 3.30 and a beta of 1.18.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VLVLY shares. Royal Bank Of Canada raised shares of AB Volvo from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 15th. Sanford C. Bernstein started coverage on shares of AB Volvo in a research note on Tuesday, April 1st. They set an "underperform" rating for the company. Finally, Barclays lowered shares of AB Volvo from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Check Out Our Latest Research Report on AB Volvo

About AB Volvo

(Get Free Report)

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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Earnings History for AB Volvo (OTCMKTS:VLVLY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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