Erste Group Bank Reduces Earnings Estimates for AB Volvo

AB Volvo (OTCMKTS:VLVLY) – Equities researchers at Erste Group Bank lowered their FY2027 earnings per share estimates for shares of AB Volvo in a research report issued on Thursday, October 8th. Erste Group Bank analyst H. Engel now forecasts that the company will earn $2.61 per share for the year, down from their prior estimate of $2.70. Erste Group Bank currently has a “Strong-Buy” rating on the stock. The consensus estimate for AB Volvo’s current full-year earnings is $2.13 per share.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings data on Friday, July 17th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. AB Volvo had a net margin of 7.60% and a return on equity of 20.16%. The firm had revenue of $13.09 billion for the quarter, compared to analyst estimates of $12.92 billion.

Separately, Zacks Research downgraded shares of AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, AB Volvo presently has a consensus rating of “Moderate Buy”.

AB Volvo Trading Up 0.9%

Shares of VLVLY stock opened at $31.67 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.10 and a quick ratio of 0.82. The firm has a market cap of $64.40 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 0.74 and a beta of 1.22. The company has a 50-day moving average of $34.61 and a two-hundred day moving average of $34.53. AB Volvo has a 1-year low of $26.11 and a 1-year high of $39.62.

About AB Volvo

AB Volvo, commonly known as the Volvo Group, is a Sweden-based manufacturer of commercial vehicles and related equipment. The company develops and sells heavy-duty trucks under brands including Volvo Trucks, Mack, Renault Trucks and UD Trucks, serving industries such as freight transportation, construction and distribution.

In addition to trucks, Volvo Group provides buses and coaches, construction equipment, and marine and industrial engines. Its offerings are supported by aftermarket services, spare parts, maintenance, repair and fleet-management solutions designed to help customers operate and maintain their vehicles and equipment.

Founded in 1927 and headquartered in Gothenburg, Sweden, AB Volvo serves customers through operations and sales networks across Europe, North America, South America, Asia, Africa and Oceania.