AB Volvo (OTCMKTS:VLVLY) Announces Quarterly Earnings Results

AB Volvo (OTCMKTS:VLVLY) issued its quarterly earnings data on Friday. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54, Zacks reports. AB Volvo had a return on equity of 22.17% and a net margin of 8.32%.

AB Volvo Trading Down 0.0%

Shares of OTCMKTS VLVLY opened at $35.34 on Friday. AB Volvo has a fifty-two week low of $26.11 and a fifty-two week high of $39.62. The firm has a market capitalization of $71.86 billion, a P/E ratio of 17.41, a P/E/G ratio of 0.82 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 0.91. The company’s 50 day simple moving average is $34.07 and its 200 day simple moving average is $34.73.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities raised shares of AB Volvo to a “strong-buy” rating in a research note on Thursday, June 11th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.