AB Volvo (VLVLY) Projected to Post Earnings on Thursday

AB Volvo (OTCMKTS:VLVLY - Get Free Report) is expected to issue its quarterly earnings data on Thursday, July 17th. Analysts expect the company to announce 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 earnings results on Wednesday, April 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.10). AB Volvo had a net margin of 8.93% and a return on equity of 24.36%. The company 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 Stock Down 1.9%

VLVLY traded down $0.55 on Friday, hitting $28.53. The company had a trading volume of 73,625 shares, compared to its average volume of 213,607. The stock has a fifty day moving average price of $27.76 and a 200-day moving average price of $27.84. AB Volvo has a 12-month low of $22.55 and a 12-month high of $33.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.04 and a current ratio of 1.32. The stock has a market capitalization of $58.01 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 3.35 and a beta of 1.18.

Analysts Set New Price Targets

VLVLY has been the topic of several analyst reports. Royal Bank Of Canada upgraded AB Volvo from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 15th. Barclays lowered AB Volvo from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, March 25th. Finally, Sanford C. Bernstein initiated coverage on AB Volvo in a research note on Tuesday, April 1st. They set an "underperform" rating on the stock. Two 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. Based on data from MarketBeat, 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.