Volkswagen (OTCMKTS:VWAGY) Issues Earnings Results

Volkswagen (OTCMKTS:VWAGY) issued its quarterly earnings results on Thursday. The company reported $0.67 EPS for the quarter, reports. The business had revenue of $89.71 billion for the quarter.

Volkswagen Trading Down 0.4 %

VWAGY stock traded down $0.05 during trading on Friday, reaching $11.28. The stock had a trading volume of 499,087 shares, compared to its average volume of 320,947. Volkswagen has a one year low of $11.16 and a one year high of $16.48. The company’s 50 day moving average is $12.57 and its two-hundred day moving average is $13.99.

Volkswagen Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VWAGY. Morgan Stanley lowered shares of Volkswagen from an “equal weight” rating to an “underweight” rating in a report on Monday, May 20th. Sanford C. Bernstein restated a “market perform” rating on shares of Volkswagen in a report on Wednesday, April 17th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Volkswagen

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.