Volkswagen (OTCMKTS:VWAGY – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($1.39), Zacks reports. Volkswagen had a return on equity of 2.70% and a net margin of 1.68%.
Volkswagen Price Performance
OTCMKTS:VWAGY traded down $0.01 during midday trading on Thursday, reaching $7.72. 207,167 shares of the company traded hands, compared to its average volume of 271,764. The firm has a market capitalization of $38.70 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 0.34 and a beta of 1.08. The company has a fifty day moving average price of $8.36 and a 200 day moving average price of $9.84. Volkswagen has a twelve month low of $7.38 and a twelve month high of $12.83.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on VWAGY shares. Zacks Research upgraded shares of Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Citigroup reissued a “buy” rating on shares of Volkswagen in a report on Tuesday, September 8th. Kepler Capital Markets cut Volkswagen from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Volkswagen in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on VWAGY
Volkswagen Company Profile
Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has grown from the Volkswagen passenger-car brand into one of the world’s largest automotive groups, serving customers across Europe, the Americas, Asia-Pacific, and other international markets.
The company develops, manufactures, and sells passenger cars, sport utility vehicles, performance vehicles, luxury automobiles, motorcycles, commercial vehicles, and related mobility services.
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