Westport Fuel Systems (NASDAQ:WPRT) Issues Earnings Results

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) issued its quarterly earnings results on Tuesday. The auto parts company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.12, Zacks reports. Westport Fuel Systems had a negative return on equity of 29.94% and a negative net margin of 16.10%. The firm had revenue of $88.64 million for the quarter, compared to analyst estimates of $86.23 million. During the same period last year, the company earned ($0.60) EPS.

Westport Fuel Systems Trading Up 3.0 %

Shares of Westport Fuel Systems stock traded up $0.17 during trading hours on Thursday, reaching $5.77. The stock had a trading volume of 18,656 shares, compared to its average volume of 41,651. The firm has a 50 day simple moving average of $5.87 and a two-hundred day simple moving average of $5.95. The firm has a market capitalization of $99.10 million, a price-to-earnings ratio of -1.89 and a beta of 2.85. The company has a current ratio of 1.84, a quick ratio of 1.40 and a debt-to-equity ratio of 0.21. Westport Fuel Systems has a 1 year low of $4.90 and a 1 year high of $7.92.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada decreased their price target on Westport Fuel Systems from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, HC Wainwright reissued a “buy” rating and issued a $22.00 price target on shares of Westport Fuel Systems in a research note on Thursday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Westport Fuel Systems has an average rating of “Hold” and a consensus price target 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.