Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Down After Earnings Miss

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $10.40, but opened at $9.33. Vestas Wind Systems AS shares last traded at $9.3550, with a volume of 20,764 shares trading hands.

The energy company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.07%.

Wall Street Analysts Forecast Growth

VWDRY has been the topic of several research analyst reports. Berenberg Bank raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Finally, Citigroup reissued a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Vestas Wind Systems AS Stock Performance

The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.03. The company has a market cap of $28.13 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 0.78 and a beta of 1.03. The company has a fifty day moving average of $10.00 and a two-hundred day moving average of $9.48.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S is a Denmark-based company that designs, manufactures, installs and services wind turbines. Its products and solutions support both onshore and offshore wind energy projects. Founded in 1945, Vestas initially operated in other manufacturing businesses before focusing on wind energy. The company serves customers in markets around the world and provides services intended to support turbine performance throughout a project’s operating life.