Volkswagen (OTCMKTS:VWAGY) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Key Points

• Volkswagen reported quarterly EPS of $0.73, beating consensus of $0.59 by $0.14 and posting a net margin of 1.99% and return on equity of 3.26%.
• The company’s revenue came in at $99.97 billion, well above analysts’ expectations of $84.92 billion.
• Shares traded up to $10.73 mid-day, with a market cap of $53.79 billion and a P/E of 7.50; analysts’ consensus rating is Hold (one Strong Buy, one Buy, five Hold).

Volkswagen (OTCMKTS:VWAGY - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.14, Zacks reports. Volkswagen had a net margin of 1.99% and a return on equity of 3.26%. The business had revenue of $99.97 billion for the quarter, compared to analysts' expectations of $84.92 billion.

Volkswagen Stock Performance

Shares of Volkswagen stock traded up $0.21 during mid-day trading on Wednesday, hitting $10.73. 15,201 shares of the stock were exchanged, compared to its average volume of 128,427. Volkswagen has a 12 month low of $9.20 and a 12 month high of $12.83. The company has a 50-day simple moving average of $11.92 and a 200 day simple moving average of $11.63. The company has a market capitalization of $53.79 billion, a P/E ratio of 7.50, a P/E/G ratio of 0.88 and a beta of 1.14.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Citigroup restated a "buy" rating on shares of Volkswagen in a report on Friday, January 16th. Zacks Research raised Volkswagen from a "strong sell" rating to a "hold" rating in a research note on Monday, January 26th. The Goldman Sachs Group began coverage on shares of Volkswagen in a research report on Sunday, November 23rd. They issued a "neutral" rating for the company. Finally, HSBC reaffirmed a "buy" rating on shares of Volkswagen in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Volkswagen currently has an average rating of "Hold".

Volkswagen Company Profile

Volkswagen AG is one of the world's largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market "people's car," the company expanded through the post-war period into a global automotive group. Volkswagen's operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company's consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.

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