Volkswagen (VWAGY) to Release Quarterly Earnings on Friday

Volkswagen (OTCMKTS:VWAGY) will likely be issuing its resultson Friday, July 24th. Analysts expect Volkswagen to announce earnings of $0.5970 per share and revenue of $93.2990 billion for the quarter.

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.11). The business had revenue of $88.75 billion for the quarter, compared to the consensus estimate of $91.84 billion. Volkswagen had a net margin of 1.96% and a return on equity of 3.18%. On average, analysts expect Volkswagen to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Volkswagen Trading Down 0.1%

VWAGY opened at $8.45 on Wednesday. Volkswagen has a 12 month low of $8.07 and a 12 month high of $12.83. The stock has a 50-day moving average of $9.60 and a 200 day moving average of $10.65. The firm has a market cap of $42.36 billion, a P/E ratio of 5.99, a P/E/G ratio of 0.24 and a beta of 1.07.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of Volkswagen in a research report on Tuesday, June 23rd. Zacks Research lowered shares of Volkswagen from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Volkswagen

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.