Westport Fuel Systems (WPRT) to Release Earnings on Wednesday

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Westport Fuel Systems to post earnings of ($0.55) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its quarterly earnings data on Monday, March 25th. The auto parts company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.19). The company had revenue of $87.20 million during the quarter, compared to the consensus estimate of $82.00 million. Westport Fuel Systems had a negative net margin of 14.97% and a negative return on equity of 26.18%. 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 stock opened at $5.33 on Monday. The stock has a 50-day moving average price of $6.05 and a two-hundred day moving average price of $6.20. Westport Fuel Systems has a 1 year low of $4.90 and a 1 year high of $12.00. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. HC Wainwright reiterated a “buy” rating and set a $30.00 price objective on shares of Westport Fuel Systems in a report on Wednesday, March 27th. TD Securities decreased their price target on shares of Westport Fuel Systems from $8.00 to $7.50 and set a “market perform” rating for the company in a research note on Wednesday, March 27th. Royal Bank of Canada cut their price objective on shares of Westport Fuel Systems from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 27th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Westport Fuel Systems in a research report on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.10.

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.