AB Volvo (publ) (OTCMKTS:VLVLY) Announces Earnings Results

AB Volvo (publ) (OTCMKTS:VLVLY) issued its earnings results on Wednesday. The company reported $0.49 earnings per share (EPS) for the quarter, Zacks reports. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.41%.

AB Volvo (publ) Stock Down 2.3 %

VLVLY opened at $26.09 on Wednesday. AB Volvo has a 1-year low of $23.27 and a 1-year high of $30.14. The firm’s 50 day simple moving average is $25.09 and its two-hundred day simple moving average is $25.38. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $53.04 billion, a PE ratio of 10.78 and a beta of 1.29.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup raised AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

AB Volvo (publ) 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.