AB Volvo (VLVLY) to Release Quarterly Earnings on Wednesday

AB Volvo (OTCMKTS:VLVLY) is projected to issue its results before the market opens on Wednesday, January 28th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $13.4204 billion for the quarter.

AB Volvo Stock Up 0.5%

VLVLY opened at $35.13 on Monday. The company has a market capitalization of $71.44 billion, a P/E ratio of 17.31, a P/E/G ratio of 5.93 and a beta of 1.13. The firm’s fifty day moving average price is $31.60 and its two-hundred day moving average price is $29.82. AB Volvo has a fifty-two week low of $22.55 and a fifty-two week high of $35.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85.

Wall Street Analyst Weigh In

VLVLY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Sanford C. Bernstein upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Morgan Stanley cut AB Volvo from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 13th. Kepler Capital Markets reiterated a “hold” rating on shares of AB Volvo in a research report on Friday, January 16th. Finally, Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

AB Volvo Company Profile

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.