AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) has received an average recommendation of “Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company.
VLVLY has been the topic of a number of research analyst reports. UBS Group raised shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th.
Read Our Latest Research Report on VLVLY
AB Volvo (publ) Trading Down 3.6 %
AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share (EPS) for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. On average, research analysts predict that AB Volvo will post 2.38 earnings per share for the current year.
AB Volvo (publ) Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, April 4th will be given a $1.6823 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from AB Volvo (publ)’s previous dividend of $0.72. AB Volvo (publ)’s dividend payout ratio is currently 25.96%.
AB Volvo (publ) Company Profile
AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.
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