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

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

AB Volvo (publ) Stock Performance

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research note on Friday, October 25th. Citigroup upgraded AB Volvo (publ) to a “hold” rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently 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.