Vestas Wind Systems AS (OTCMKTS:VWDRY) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Vestas Wind Systems AS (OTCMKTS:VWDRY) posted its earnings results on Wednesday. The energy company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05, Zacks reports. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%.The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.19 billion.

Vestas Wind Systems AS Price Performance

VWDRY stock opened at $10.81 on Thursday. Vestas Wind Systems AS has a 52 week low of $5.78 and a 52 week high of $10.94. The firm has a market capitalization of $32.29 billion, a P/E ratio of 32.76, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97. The company has a fifty day simple moving average of $8.97 and a two-hundred day simple moving average of $9.16. The company has a quick ratio of 0.67, a current ratio of 1.03 and a debt-to-equity ratio of 0.81.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Vestas Wind Systems AS

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.