VOLVO AB/ADR (OTCMKTS:VLVLY) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

VOLVO AB/ADR (OTCMKTS:VLVLY) announced its quarterly earnings data on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08, Morningstar.com reports. The business had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $11.63 billion. VOLVO AB/ADR had a return on equity of 24.85% and a net margin of 6.40%.

Shares of OTCMKTS VLVLY traded up $0.61 during midday trading on Friday, hitting $15.86. 11,054 shares of the company’s stock were exchanged, compared to its average volume of 17,911. VOLVO AB/ADR has a twelve month low of $12.06 and a twelve month high of $18.29. The company has a market cap of $30.97 billion, a P/E ratio of 9.38, a PEG ratio of 1.70 and a beta of 1.51. The firm has a fifty day simple moving average of $15.23.

Several equities research analysts have recently weighed in on VLVLY shares. Goldman Sachs Group reissued a “buy” rating and set a GBX 265 ($3.46) target price on shares of Tesco in a research report on Tuesday, April 2nd. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. Zacks Investment Research raised Zymeworks from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Saturday, April 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a GBX 2,750 ($35.93) target price on shares of in a research report on Tuesday, June 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.00.

About VOLVO AB/ADR

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, and Dongfeng brands; and city and intercity buses, coaches, and bus chassis under the Volvo, Prevost, Nova Bus, and UD Bus brands.

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Earnings History for VOLVO AB/ADR (OTCMKTS:VLVLY)

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