Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) – Equities research analysts at Lake Street Capital upped their FY2017 earnings per share estimates for Westport Fuel Systems in a note issued to investors on Thursday. Lake Street Capital analyst R. Brown now forecasts that the auto parts company will earn ($0.49) per share for the year, up from their previous estimate of ($0.51). Lake Street Capital has a “Hold” rating and a $5.00 price target on the stock. Lake Street Capital also issued estimates for Westport Fuel Systems’ Q4 2017 earnings at ($0.12) EPS, FY2018 earnings at ($0.25) EPS, FY2019 earnings at ($0.12) EPS and FY2020 earnings at $0.08 EPS.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last announced its quarterly earnings results on Monday, August 14th. The auto parts company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.03. Westport Fuel Systems had a negative net margin of 20.37% and a negative return on equity of 65.98%. The business had revenue of $62.10 million during the quarter, compared to analysts’ expectations of $58.44 million. During the same period last year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was up 66.9% on a year-over-year basis.
Several other research analysts have also weighed in on WPRT. ValuEngine upgraded shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. HC Wainwright set a $5.00 target price on shares of Westport Fuel Systems and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Cowen and Company set a $2.00 target price on shares of Westport Fuel Systems and gave the stock a “hold” rating in a research report on Monday, August 14th. Finally, CIBC began coverage on shares of Westport Fuel Systems in a research report on Thursday, August 17th. They set an “outperform” rating and a $3.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Westport Fuel Systems currently has an average rating of “Hold” and a consensus price target of $3.02.
Shares of Westport Fuel Systems (NASDAQ:WPRT) opened at 3.58 on Monday. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $3.75. The firm’s market capitalization is $466.84 million. The firm’s 50 day moving average is $2.80 and its 200-day moving average is $1.90.
A number of institutional investors and hedge funds have recently bought and sold shares of WPRT. Paradigm Capital Management Inc. NY acquired a new stake in Westport Fuel Systems during the 2nd quarter worth approximately $1,176,000. US Bancorp DE increased its position in Westport Fuel Systems by 62.7% during the 1st quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock worth $240,000 after purchasing an additional 96,401 shares in the last quarter. KCG Holdings Inc. increased its position in Westport Fuel Systems by 313.2% during the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 96,365 shares in the last quarter. Wells Fargo & Company MN increased its position in Westport Fuel Systems by 496.2% during the 1st quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 89,931 shares in the last quarter. Finally, Royce & Associates LP increased its position in Westport Fuel Systems by 1.4% during the 2nd quarter. Royce & Associates LP now owns 5,464,983 shares of the auto parts company’s stock worth $12,843,000 after purchasing an additional 73,000 shares in the last quarter. 9.35% of the stock is owned by hedge funds and other institutional investors.
Westport Fuel Systems Company Profile
Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.
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