Volkswagen (OTCMKTS:VWAGY) Posts Earnings Results, Misses Expectations By $1.39 EPS

Key Points

• Volkswagen reported a quarterly loss of $1.06 per share, falling $1.39 short of analysts’ expected $0.33 EPS.
• VWAGY shares traded near $7.72, close to their 12-month low of $7.38, with a market capitalization of approximately $38.7 billion.
• Analyst sentiment remains mixed but leans positive, with the stock carrying a “Moderate Buy” consensus rating from one Strong Buy, two Buy, and three Hold ratings.

Volkswagen (OTCMKTS:VWAGY - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($1.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($1.39), Zacks reports. Volkswagen had a return on equity of 2.70% and a net margin of 1.68%.

Volkswagen Price Performance

OTCMKTS:VWAGY traded down $0.01 during midday trading on Thursday, reaching $7.72. 207,167 shares of the company traded hands, compared to its average volume of 271,764. The firm has a market capitalization of $38.70 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 0.34 and a beta of 1.08. The company has a fifty day moving average price of $8.36 and a 200 day moving average price of $9.84. Volkswagen has a twelve month low of $7.38 and a twelve month high of $12.83.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VWAGY shares. Zacks Research upgraded shares of Volkswagen from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Citigroup reissued a "buy" rating on shares of Volkswagen in a report on Tuesday, September 8th. Kepler Capital Markets cut Volkswagen from a "buy" rating to a "hold" rating in a research note on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Volkswagen in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Volkswagen Company Profile

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has grown from the Volkswagen passenger-car brand into one of the world's largest automotive groups, serving customers across Europe, the Americas, Asia-Pacific, and other international markets.

The company develops, manufactures, and sells passenger cars, sport utility vehicles, performance vehicles, luxury automobiles, motorcycles, commercial vehicles, and related mobility services.

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