Westport Fuel Systems (WPRT) Issues Quarterly Earnings Results
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) issued its quarterly earnings results on Thursday. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.04), Briefing.com reports. Westport Fuel Systems had a negative net margin of 17.94% and a negative return on equity of 40.52%. The business had revenue of $65.50 million during the quarter, compared to analyst estimates of $59.52 million. During the same period last year, the firm posted ($0.15) earnings per share. Westport Fuel Systems’s quarterly revenue was up 16.1% compared to the same quarter last year.
Shares of NASDAQ WPRT traded down $0.34 during midday trading on Friday, hitting $2.45. 1,081,211 shares of the stock traded hands, compared to its average volume of 434,142. Westport Fuel Systems has a one year low of $2.10 and a one year high of $4.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.52.
WPRT has been the topic of several recent analyst reports. HC Wainwright initiated coverage on Westport Fuel Systems in a research note on Thursday, September 20th. They issued a “buy” rating and a $6.00 price target on the stock. Zacks Investment Research lowered Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, September 5th. Lake Street Capital boosted their price target on Westport Fuel Systems from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Finally, BidaskClub lowered Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.42.
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Westport Fuel Systems Company Profile
Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation and industrial markets worldwide. It operates through Transportation and Cummins Westport Inc Joint Venture segments. The company designs, manufactures, and sells compressed natural gas (CNG) and liquid petroleum gas (LPG) components and systems, such as pressure regulators, injectors, electronic control units, valves, and filters, as well as bi-fuel, mono-fuel, and dual-fuel LPG and CNG conversion kits for passenger cars, light-duty trucks, and medium-duty vehicles, including original engine manufacture (OEM), delayed OEM, and aftermarket segments.
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