Equities analysts expect that Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) will announce sales of $55.33 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Westport Fuel Systems’ earnings. The lowest sales estimate is $53.00 million and the highest is $58.00 million. Westport Fuel Systems posted sales of $80.40 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 31.2%. The firm is expected to issue its next quarterly earnings results on Monday, March 26th.
According to Zacks, analysts expect that Westport Fuel Systems will report full year sales of $55.33 million for the current fiscal year, with estimates ranging from $231.20 million to $237.90 million. For the next fiscal year, analysts anticipate that the company will report sales of $252.53 million per share, with estimates ranging from $250.00 million to $256.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Westport Fuel Systems.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its quarterly earnings data on Tuesday, November 14th. The auto parts company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative return on equity of 64.05% and a negative net margin of 14.85%. The firm had revenue of $60.80 million for the quarter, compared to analyst estimates of $51.91 million. During the same quarter last year, the company earned ($0.30) EPS. The company’s revenue was up 8.4% on a year-over-year basis.
A number of equities analysts have commented on WPRT shares. Lake Street Capital raised their price objective on Westport Fuel Systems from $3.00 to $5.00 and gave the stock a “hold” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Oppenheimer raised their price objective on Westport Fuel Systems from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. ValuEngine lowered Westport Fuel Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, Craig Hallum set a $5.00 price objective on Westport Fuel Systems and gave the stock a “buy” rating in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $3.58.
Westport Fuel Systems (WPRT) traded down $0.06 during trading on Wednesday, reaching $3.12. The company’s stock had a trading volume of 459,268 shares, compared to its average volume of 1,050,000. Westport Fuel Systems has a 12-month low of $0.82 and a 12-month high of $4.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.13 and a current ratio of 1.62. The company has a market cap of $414.35, a price-to-earnings ratio of -2.64 and a beta of 2.14.
Hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its holdings in shares of Westport Fuel Systems by 0.5% in the 2nd quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock valued at $161,000 after purchasing an additional 346 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Westport Fuel Systems by 0.5% in the 2nd quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock valued at $169,000 after purchasing an additional 375 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in shares of Westport Fuel Systems in the 3rd quarter valued at $7,936,000. Pembroke Management LTD acquired a new stake in shares of Westport Fuel Systems in the 3rd quarter valued at $16,069,000. Finally, Royce & Associates LP boosted its holdings in shares of Westport Fuel Systems by 3.8% in the 3rd quarter. Royce & Associates LP now owns 5,670,983 shares of the auto parts company’s stock valued at $18,544,000 after purchasing an additional 206,000 shares in the last quarter. 15.94% of the stock is currently owned by hedge funds and other institutional investors.
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Westport Fuel Systems Company Profile
Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.
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