Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) – Research analysts at Lake Street Capital lifted their FY2017 earnings estimates for shares of Westport Fuel Systems in a research report issued on Thursday. Lake Street Capital analyst R. Brown now anticipates 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 objective 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 issued 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. The business had revenue of $62.10 million during the quarter, compared to analyst estimates of $58.44 million. Westport Fuel Systems had a negative net margin of 20.37% and a negative return on equity of 65.98%. Westport Fuel Systems’s revenue for the quarter was up 66.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share.

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Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. HC Wainwright set a $5.00 price target on shares of Westport Fuel Systems and gave the company a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a research report on Thursday, July 13th. ValuEngine upgraded shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Cowen and Company restated a “hold” rating and issued a $1.50 price target on shares of Westport Fuel Systems in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Westport Fuel Systems presently has an average rating of “Hold” and an average price target of $3.02.

Shares of Westport Fuel Systems (NASDAQ WPRT) opened at 3.89 on Monday. The firm’s market cap is $507.26 million. Westport Fuel Systems has a one year low of $0.82 and a one year high of $4.09. The company has a 50 day moving average of $2.90 and a 200-day moving average of $1.95.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp increased its position in Westport Fuel Systems by 0.5% in the 2nd 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 period. Royal Bank of Canada increased its position in Westport Fuel Systems by 0.5% in the 2nd 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 period. Royce & Associates LP increased its position in Westport Fuel Systems by 1.0% in the 1st quarter. Royce & Associates LP now owns 5,391,983 shares of the auto parts company’s stock valued at $5,176,000 after acquiring an additional 52,500 shares during the period. Wells Fargo & Company MN increased its position in Westport Fuel Systems by 496.2% in the 1st quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock valued at $103,000 after acquiring an additional 89,931 shares during the period. Finally, KCG Holdings Inc. increased its position in Westport Fuel Systems by 313.2% in the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 96,365 shares during the period. Hedge funds and other institutional investors own 9.35% of the company’s stock.

About Westport Fuel Systems

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.

Earnings History and Estimates for Westport Fuel Systems (NASDAQ:WPRT)

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