AB Volvo (OTCMKTS:VLVLY – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03), Zacks reports. AB Volvo had a net margin of 7.60% and a return on equity of 20.16%.
AB Volvo Trading Down 2.7%
AB Volvo stock traded down $0.85 during trading hours on Friday, reaching $30.72. The stock had a trading volume of 52,732 shares, compared to its average volume of 147,802. The stock has a market cap of $62.47 billion, a PE ratio of 16.34, a PEG ratio of 0.77 and a beta of 1.22. AB Volvo has a 52 week low of $26.77 and a 52 week high of $39.62. 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 company has a fifty day simple moving average of $33.92 and a 200-day simple moving average of $34.52.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Zacks Research lowered AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Erste Group Bank cut AB Volvo from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, AB Volvo presently has an average rating of “Hold”.
View Our Latest Stock Report on AB Volvo
AB Volvo Company Profile
AB Volvo is a Sweden-based manufacturer of commercial vehicles and transportation-related products. Founded in 1927 and headquartered in Gothenburg, the company develops and sells trucks, buses, construction equipment, and marine and industrial engines. AB Volvo is separate from Volvo Cars, which became an independent company in 1999.
The company’s commercial vehicle operations include heavy-duty, medium-duty, and light-duty trucks sold under brands such as Volvo Trucks, Mack Trucks, Renault Trucks, and UD Trucks.
Read More
- Five stocks we like better than AB Volvo
- Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat
- Capital One Earnings: After a Double Beat the Rally Is On
- Tractor Supply’s Q3 Beat Plants the Seeds for a Stock Rebound
- WD-40 Could Reward Patient Investors—Here’s Why
Receive News & Ratings for AB Volvo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Volvo and related companies with MarketBeat.com's FREE daily email newsletter.
