Vestas Wind Systems AS (OTCMKTS:VWDRY) Issues Earnings Results, Hits Estimates

Vestas Wind Systems AS (OTCMKTS:VWDRY) released its quarterly earnings results on Thursday. The energy company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17, Zacks reports. Vestas Wind Systems AS had a net margin of 5.00% and a return on equity of 27.61%. The business had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $6.41 billion.

Vestas Wind Systems AS Trading Down 8.4%

Shares of VWDRY stock traded down $0.85 on Thursday, reaching $9.25. 91,847 shares of the stock were exchanged, compared to its average volume of 156,679. The stock has a 50 day moving average price of $9.15 and a 200 day moving average price of $7.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.97 and a quick ratio of 0.60. The stock has a market cap of $28.03 billion, a PE ratio of 27.21, a P/E/G ratio of 0.62 and a beta of 1.16. Vestas Wind Systems AS has a one year low of $3.96 and a one year high of $10.44.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VWDRY. DZ Bank raised Vestas Wind Systems AS to a “strong-buy” rating in a report on Sunday, December 21st. Berenberg Bank lowered shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Barclays restated an “underweight” rating on shares of Vestas Wind Systems AS in a research report on Wednesday, December 3rd. Finally, Kepler Capital Markets raised shares of Vestas Wind Systems AS from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Company Profile

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.