AB Volvo (VLVLY) Expected to Release Earnings on Friday

AB Volvo (OTCMKTS:VLVLY) is expected to be posting its results before the market opens on Friday, October 23rd. Analysts expect the company to announce earnings of $0.58 per share and revenue of $12.53 billion for the quarter.

AB Volvo Stock Up 0.5%

Shares of OTCMKTS VLVLY opened at $32.39 on Wednesday. The stock has a market cap of $65.86 billion, a PE ratio of 17.14, a PEG ratio of 0.76 and a beta of 1.22. The business has a fifty day moving average of $34.07 and a two-hundred day moving average of $34.54. 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 quick ratio of 0.82 and a current ratio of 1.10.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VLVLY shares. Erste Group Bank raised shares of AB Volvo to a “strong-buy” rating in a report on Wednesday, August 5th. Zacks Research downgraded shares of AB Volvo from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, AB Volvo presently has a consensus rating of “Moderate Buy”.

About AB Volvo

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.