Wall Street analysts expect Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) to report ($0.13) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Westport Fuel Systems’ earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at ($0.12). Westport Fuel Systems reported earnings of ($0.24) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 45.8%. The firm is scheduled to announce its next quarterly earnings results on Monday, March 26th.
On average, analysts expect that Westport Fuel Systems will report full year earnings of ($0.49) per share for the current financial year, with EPS estimates ranging from ($0.49) to ($0.48). For the next financial year, analysts anticipate that the company will post earnings of ($0.19) per share, with EPS estimates ranging from ($0.25) to ($0.13). Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Westport Fuel Systems.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its quarterly earnings results on Tuesday, November 14th. The auto parts company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. The company had revenue of $60.80 million for the quarter, compared to analysts’ expectations of $51.91 million. Westport Fuel Systems had a negative return on equity of 64.05% and a negative net margin of 14.85%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.30) earnings per share.
Several analysts have recently weighed in on the company. Craig Hallum set a $5.00 price target on Westport Fuel Systems and gave the stock a “buy” rating in a report on Thursday, December 28th. BidaskClub upgraded Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Zacks Investment Research cut Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Lake Street Capital boosted their price target on Westport Fuel Systems from $3.00 to $5.00 and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, Oppenheimer upped their target price on Westport Fuel Systems from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $3.58.
A number of hedge funds have recently made changes to their positions in the stock. Royce & Associates LP boosted its holdings in Westport Fuel Systems by 3.8% in the third quarter. Royce & Associates LP now owns 5,670,983 shares of the auto parts company’s stock valued at $18,544,000 after acquiring an additional 206,000 shares during the last quarter. Pembroke Management LTD bought a new stake in Westport Fuel Systems in the third quarter valued at approximately $16,069,000. Hood River Capital Management LLC bought a new stake in Westport Fuel Systems in the third quarter valued at approximately $7,936,000. Royal Bank of Canada boosted its holdings in Westport Fuel Systems by 0.5% in the second quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock valued at $169,000 after acquiring an additional 375 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Westport Fuel Systems by 0.5% in the second quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock valued at $161,000 after acquiring an additional 346 shares during the last quarter. Institutional investors and hedge funds own 15.94% of the company’s stock.
Westport Fuel Systems (NASDAQ:WPRT) traded down $0.02 during trading hours on Friday, hitting $3.84. The stock had a trading volume of 1,037,400 shares, compared to its average volume of 2,170,200. The company has a market capitalization of $502.96, a PE ratio of -9.60 and a beta of 2.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.13 and a current ratio of 1.62. Westport Fuel Systems has a 52 week low of $0.82 and a 52 week high of $4.33.
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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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