Wartsila (OTCMKTS:WRTBY – Get Free Report) posted its earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, Zacks reports. Wartsila had a net margin of 9.08% and a return on equity of 24.14%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion.
Wartsila Stock Down 2.4%
Shares of OTCMKTS:WRTBY opened at $8.25 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. Wartsila has a 52-week low of $3.53 and a 52-week high of $9.49. The company has a 50 day moving average of $8.12 and a two-hundred day moving average of $7.47. The company has a market capitalization of $24.42 billion, a price-to-earnings ratio of 35.89 and a beta of 1.32.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research report on Thursday, February 5th. Finally, Pareto Securities downgraded shares of Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Sell”.
About Wartsila
Wärtsilä (OTCMKTS: WRTBY) is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company’s Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.
With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.
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