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

Vestas Wind Systems AS (OTCMKTS:VWDRY) issued its quarterly earnings data on Wednesday. The energy company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05, Zacks reports. The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.19 billion. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.50%.

Vestas Wind Systems AS Trading Down 2.0%

OTCMKTS VWDRY opened at $10.45 on Friday. Vestas Wind Systems AS has a 12 month low of $5.92 and a 12 month high of $10.94. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. The stock’s fifty day moving average price is $9.00 and its 200-day moving average price is $9.17. The stock has a market cap of $31.21 billion, a P/E ratio of 24.30, a P/E/G ratio of 1.10 and a beta of 0.97.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VWDRY shares. Citigroup reissued a “buy” rating on shares of Vestas Wind Systems AS in a research note on Thursday. Kepler Capital Markets upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently 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.