Westport Fuel Systems (NASDAQ:WPRT) Issues Quarterly Earnings Results

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) released its earnings results on Tuesday. The auto parts company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.19, Zacks reports. Westport Fuel Systems had a negative return on equity of 25.57% and a negative net margin of 8.01%. The firm had revenue of $66.25 million for the quarter, compared to analysts’ expectations of $66.88 million. During the same period in the prior year, the firm posted ($0.68) earnings per share.

Westport Fuel Systems Trading Down 2.0 %

Westport Fuel Systems stock traded down $0.08 during trading on Friday, hitting $3.97. The company had a trading volume of 15,520 shares, compared to its average volume of 44,660. Westport Fuel Systems has a 1-year low of $3.91 and a 1-year high of $7.86. The company’s 50 day simple moving average is $4.47 and its 200-day simple moving average is $5.37. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market cap of $68.52 million, a price-to-earnings ratio of -2.66 and a beta of 2.84.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WPRT. StockNews.com upgraded Westport Fuel Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $8.00 target price on shares of Westport Fuel Systems in a report on Thursday. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Westport Fuel Systems in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.13.

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.