Volkswagen (OTCMKTS:VWAGY) Releases Earnings Results

Posted by Nicole Kennedy on Aug 3rd, 2024

Volkswagen (OTCMKTS:VWAGY – Get Free Report) issued its earnings results on Thursday. The company reported $0.67 earnings per share for the quarter, reports. The company had revenue of $89.71 billion for the quarter.

Volkswagen Trading Down 0.4 %

Shares of VWAGY traded down $0.05 during midday trading on Friday, hitting $11.28. The stock had a trading volume of 499,087 shares, compared to its average volume of 320,947. Volkswagen has a 1 year low of $11.16 and a 1 year high of $16.48. The stock’s 50 day moving average is $12.57 and its 200 day moving average is $13.99.

Volkswagen Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a $0.6401 dividend. The ex-dividend date was Friday, May 31st. This is an increase from Volkswagen’s previous dividend of $0.64.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Sanford C. Bernstein reiterated a “market perform” rating on shares of Volkswagen in a research report on Wednesday, April 17th. Morgan Stanley lowered shares of Volkswagen from an “equal weight” rating to an “underweight” rating in a research report on Monday, May 20th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Volkswagen presently has a consensus rating of “Hold”.

View Our Latest Research Report on VWAGY

Volkswagen Company Profile

(Get Free Report)

Volkswagen AG manufactures and sells automobiles in Germany, Europe, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles, and related parts; and offers motorcycles.