Volkswagen (OTCMKTS:VWAGY - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.08), Zacks reports. Volkswagen had a net margin of 2.57% and a return on equity of 4.28%. The firm had revenue of $94.79 billion during the quarter, compared to the consensus estimate of $76.90 billion.
Volkswagen Trading Down 2.8%
Shares of VWAGY stock traded down $0.31 during trading hours on Wednesday, reaching $10.96. 93,774 shares of the company's stock were exchanged, compared to its average volume of 217,078. The stock's 50 day moving average is $10.84 and its 200-day moving average is $10.78. Volkswagen has a fifty-two week low of $8.57 and a fifty-two week high of $12.29. The company has a market cap of $54.94 billion, a price-to-earnings ratio of 6.06, a P/E/G ratio of 0.85 and a beta of 1.27.
Volkswagen Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.4419 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a yield of 3.79%. Volkswagen's dividend payout ratio is currently 24.86%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on VWAGY shares. Citigroup reissued a "buy" rating on shares of Volkswagen in a research note on Thursday, April 3rd. Morgan Stanley upgraded Volkswagen from an "underweight" rating to an "equal weight" rating in a research report on Friday, April 25th. Finally, Sanford C. Bernstein raised Volkswagen to a "hold" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Volkswagen presently has a consensus rating of "Hold".
View Our Latest Analysis on Volkswagen
Volkswagen Company Profile
(
Get Free Report)
Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.
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