Volkswagen (OTCMKTS:VWAGY) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Key Points

• Volkswagen reported a quarterly EPS of $0.49, falling short of analysts' expectations of $0.57 by $0.08.
• The company has a net margin of 2.84% and a return on equity of 4.73%.
• Volkswagen's current stock has a market capitalization of $59.80 billion, with a price-to-earnings ratio of 5.99.

Volkswagen (OTCMKTS:VWAGY - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.08), Zacks reports. The firm had revenue of $94.79 billion during the quarter, compared to analyst estimates of $76.90 billion. Volkswagen had a net margin of 2.57% and a return on equity of 4.28%.

Volkswagen Trading Up 3.1%

Shares of OTCMKTS:VWAGY traded up $0.36 during trading on Friday, hitting $11.93. 188,926 shares of the stock were exchanged, compared to its average volume of 197,587. The company has a fifty day moving average price of $10.85 and a two-hundred day moving average price of $10.76. The company has a market cap of $59.80 billion, a PE ratio of 6.59, a P/E/G ratio of 0.89 and a beta of 1.27. Volkswagen has a 12-month low of $8.57 and a 12-month high of $12.29.

Volkswagen Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.4419 per share. This represents a dividend yield of 3.79%. The ex-dividend date of this dividend was Tuesday, May 20th. Volkswagen's dividend payout ratio (DPR) is 22.61%.

Analyst Ratings Changes

VWAGY has been the subject of a number of recent analyst reports. Sanford C. Bernstein upgraded shares of Volkswagen to a "hold" rating in a research report on Thursday, May 1st. Citigroup reissued a "buy" rating on shares of Volkswagen in a research note on Thursday, April 3rd. Finally, Morgan Stanley raised Volkswagen from an "underweight" rating to an "equal weight" rating in a research note on Friday, April 25th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

About Volkswagen

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.