Volkswagen (OTCMKTS:VWAGY) Announces Quarterly Earnings Results

Volkswagen (OTCMKTS:VWAGY) posted its earnings results on Tuesday. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.14, Zacks reports. Volkswagen had a net margin of 2.11% and a return on equity of 3.46%. The firm had revenue of $99.97 billion during the quarter, compared to analyst estimates of $84.92 billion.

Volkswagen Trading Up 2.1%

Volkswagen stock opened at $10.74 on Thursday. The firm has a market capitalization of $53.84 billion, a price-to-earnings ratio of 7.21, a P/E/G ratio of 0.88 and a beta of 1.14. Volkswagen has a 12-month low of $9.20 and a 12-month high of $12.83. The firm has a 50 day moving average of $11.89 and a 200 day moving average of $11.63.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VWAGY shares. The Goldman Sachs Group initiated coverage on shares of Volkswagen in a research note on Sunday, November 23rd. They issued a “neutral” rating on the stock. Zacks Research raised Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. HSBC reaffirmed a “buy” rating on shares of Volkswagen in a research note on Tuesday, January 13th. Finally, Citigroup restated a “buy” rating on shares of Volkswagen in a report on Friday, January 16th. One equities 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 company’s stock. According to data from MarketBeat.com, Volkswagen presently has a consensus rating of “Hold”.

About Volkswagen

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.