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

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

AB Volvo (publ) Trading Down 2.3 %

Shares of VLVLY stock opened at $26.09 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $25.09 and a two-hundred day moving average price of $25.38. The firm has a market cap of $53.04 billion, a P/E ratio of 10.78 and a beta of 1.29. AB Volvo has a 12-month low of $23.27 and a 12-month high of $30.14.

Wall Street Analyst Weigh In

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

About AB Volvo (publ)

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.