Analysts Issue Forecasts for VOLVO AB/ADR’s Q3 2018 Earnings (VLVLY)

VOLVO AB/ADR (OTCMKTS:VLVLY) – Equities research analysts at Jefferies Financial Group issued their Q3 2018 EPS estimates for VOLVO AB/ADR in a research report issued on Tuesday, October 9th. Jefferies Financial Group analyst G. Phillips expects that the company will post earnings per share of $0.37 for the quarter. Jefferies Financial Group also issued estimates for VOLVO AB/ADR’s FY2020 earnings at $1.78 EPS.

Several other research firms have also recently issued reports on VLVLY. Zacks Investment Research raised VOLVO AB/ADR from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research report on Friday. ValuEngine raised VOLVO AB/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th.

VLVLY stock opened at $16.07 on Thursday. The company has a market capitalization of $35.75 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. VOLVO AB/ADR has a 12-month low of $15.30 and a 12-month high of $20.86.

VOLVO AB/ADR (OTCMKTS:VLVLY) last released its quarterly earnings data on Thursday, July 19th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.16. The business had revenue of $11.96 billion for the quarter, compared to analysts’ expectations of $10.99 billion. VOLVO AB/ADR had a return on equity of 24.08% and a net margin of 6.94%.

About VOLVO AB/ADR

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, and internationally. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD, Renault, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis under the Volvo, UD, Prevost, and Nova Bus brands.

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