AB Volvo (VLVLY) to Release Earnings on Thursday

AB Volvo (OTCMKTS:VLVLY - Get Free Report) is expected to be announcing its earnings results 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 announced its earnings results 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 business had revenue of $12.79 billion for the quarter, compared to the consensus estimate 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 Performance

Shares of VLVLY traded up $0.52 during mid-day trading on Thursday, hitting $29.08. 67,463 shares of the company's stock were exchanged, compared to its average volume of 177,353. The stock's 50-day simple moving average is $27.70 and its 200-day simple moving average is $27.75. The firm has a market cap of $59.13 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 3.30 and a beta of 1.18. The company has a quick ratio of 1.04, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. AB Volvo has a 52 week low of $22.55 and a 52 week high of $33.33.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank Of Canada upgraded shares of AB Volvo from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 15th. Barclays lowered shares of AB Volvo from an "equal weight" rating to an "underweight" rating in a report on Tuesday, March 25th. Finally, Sanford C. Bernstein assumed coverage on shares of AB Volvo in a report on Tuesday, April 1st. They set an "underperform" rating on the stock. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently 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.