Westport Fuel Systems (WPRT) Set to Announce Earnings on Tuesday

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) will be announcing its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.41) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its quarterly earnings results on Tuesday, August 13th. The auto parts company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.55) by $0.12. The business had revenue of $88.64 million during the quarter, compared to the consensus estimate of $86.23 million. Westport Fuel Systems had a negative return on equity of 29.81% and a negative net margin of 10.18%. On average, analysts expect Westport Fuel Systems to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Westport Fuel Systems Stock Performance

WPRT opened at $4.06 on Friday. The business has a fifty day simple moving average of $4.59 and a 200 day simple moving average of $5.42. The company has a market capitalization of $70.10 million, a PE ratio of -2.08 and a beta of 2.84. Westport Fuel Systems has a 1 year low of $3.97 and a 1 year high of $7.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.54 and a quick ratio of 1.10.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. HC Wainwright reissued a “buy” rating and set a $22.00 price target on shares of Westport Fuel Systems in a report on Thursday, August 15th. Finally, Royal Bank of Canada lowered their price target on Westport Fuel Systems from $9.00 to $8.00 and set a “sector perform” rating for the company in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.13.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.