AB Volvo (OTCMKTS:VLVLY) Issues Earnings Results, Meets Estimates

AB Volvo (OTCMKTS:VLVLY) issued its earnings results on Friday. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54, Zacks reports. AB Volvo had a return on equity of 22.17% and a net margin of 8.32%.

AB Volvo Stock Performance

Shares of OTCMKTS VLVLY opened at $35.34 on Friday. AB Volvo has a 12-month low of $26.11 and a 12-month high of $39.62. The company has a market cap of $71.86 billion, a PE ratio of 17.41, a P/E/G ratio of 0.82 and a beta of 1.19. The stock has a 50 day simple moving average of $34.07 and a 200-day simple moving average of $34.73. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80.

Analysts Set New Price Targets

Separately, Pareto Securities raised shares of AB Volvo to a “strong-buy” rating in a report on Thursday, June 11th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, AB Volvo has a consensus rating of “Moderate Buy”.

About AB Volvo

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.