Jefferies Financial Group Weighs in on VOLKSWAGEN AG Sponsored’s Q3 2018 Earnings (VLKAY)

VOLKSWAGEN AG Sponsored (OTCMKTS:VLKAY) – Equities researchers at Jefferies Financial Group issued their Q3 2018 earnings estimates for VOLKSWAGEN in a research report issued to clients and investors on Friday, October 5th. Jefferies Financial Group analyst P. Houchois forecasts that the company will post earnings of $1.08 per share for the quarter. Jefferies Financial Group also issued estimates for VOLKSWAGEN’s FY2018 earnings at $5.48 EPS, FY2019 earnings at $6.41 EPS and FY2020 earnings at $6.30 EPS.

VLKAY has been the topic of several other reports. ValuEngine cut shares of VOLKSWAGEN from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research raised shares of VOLKSWAGEN from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $46.00.

VOLKSWAGEN stock opened at $32.01 on Monday. VOLKSWAGEN has a 12-month low of $30.22 and a 12-month high of $46.53. The company has a current ratio of 1.03, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

VOLKSWAGEN (OTCMKTS:VLKAY) last released its quarterly earnings results on Wednesday, August 1st. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.21. VOLKSWAGEN had a net margin of 4.85% and a return on equity of 12.49%. The company had revenue of $72.96 billion for the quarter, compared to analysts’ expectations of $71.88 billion.

VOLKSWAGEN Company Profile

Volkswagen Aktiengesellschaft, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and related parts.

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Earnings History and Estimates for VOLKSWAGEN (OTCMKTS:VLKAY)

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