Wartsila (OTCMKTS:WRTBY – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, Zacks reports. Wartsila had a net margin of 9.77% and a return on equity of 24.27%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion.
Wartsila Trading Up 2.7%
Shares of OTCMKTS WRTBY opened at $6.96 on Thursday. Wartsila has a 1-year low of $5.31 and a 1-year high of $9.49. The company has a 50-day moving average of $7.61 and a two-hundred day moving average of $7.92. The company has a market cap of $20.59 billion, a PE ratio of 26.77 and a beta of 1.24. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11.
Analyst Ratings Changes
A number of research firms recently weighed in on WRTBY. The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Oddo Bhf began coverage on Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating on the stock. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Wednesday, July 1st. Four 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 stock presently has a consensus rating of “Reduce”.
Wartsila Company Profile
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.
See Also
- Five stocks we like better than Wartsila
- Cybersecurity ETFs Are Rallying While AI Stocks Cool Off
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
Receive News & Ratings for Wartsila Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wartsila and related companies with MarketBeat.com's FREE daily email newsletter.
