Volkswagen (OTCMKTS:VWAGY) Announces Quarterly Earnings Results, Misses Expectations By $1.39 EPS

Volkswagen (OTCMKTS:VWAGY) released its quarterly earnings data on Thursday. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($1.39), Zacks reports. The business had revenue of $83.82 billion for the quarter, compared to analyst estimates of $88.08 billion. Volkswagen had a return on equity of 2.70% and a net margin of 1.68%.

Volkswagen Stock Down 1.4%

VWAGY stock traded down $0.11 during midday trading on Friday, hitting $7.69. The company’s stock had a trading volume of 22,187 shares, compared to its average volume of 271,706. The stock’s 50-day moving average price is $8.34 and its 200 day moving average price is $9.81. Volkswagen has a 1 year low of $7.38 and a 1 year high of $12.83. The stock has a market cap of $38.55 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 0.34 and a beta of 1.08.

Analyst Upgrades and Downgrades

A number of analysts have commented on VWAGY shares. Zacks Research raised Volkswagen from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Volkswagen in a report on Monday, July 27th. Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a report on Tuesday, September 8th. Finally, Kepler Capital Markets lowered shares of Volkswagen from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Volkswagen

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.