Workhorse Group (NASDAQ:WKHS) Releases Earnings Results

Workhorse Group (NASDAQ:WKHS) released its quarterly earnings results on Wednesday, March 14th. The company reported ($0.32) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.32), Bloomberg Earnings reports. The company had revenue of $5.51 million during the quarter. Workhorse Group had a negative net margin of 389.50% and a negative return on equity of 367.27%.

NASDAQ:WKHS traded down $0.05 during mid-day trading on Friday, reaching $2.61. The stock had a trading volume of 46,375 shares, compared to its average volume of 189,451. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.44 and a quick ratio of 0.85. Workhorse Group has a 12 month low of $1.90 and a 12 month high of $4.89.

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WKHS has been the topic of a number of recent analyst reports. Cowen set a $6.00 price objective on shares of Workhorse Group and gave the company a “buy” rating in a research note on Wednesday, January 24th. Maxim Group reissued a “buy” rating and issued a $6.00 price objective (up from $5.00) on shares of Workhorse Group in a research note on Wednesday, January 24th.

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Workhorse Group Company Profile

Workhorse Group Inc designs, manufactures, and builds battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring system that enables fleet operators to optimize energy and route efficiency.

Earnings History for Workhorse Group (NASDAQ:WKHS)

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