Westport Fuel Systems (NASDAQ:WPRT) Releases Earnings Results, Beats Estimates By $0.19 EPS

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

Westport Fuel Systems Trading Down 2.7 %

Shares of WPRT traded down $0.11 during mid-day trading on Friday, reaching $3.94. The company’s stock had a trading volume of 12,665 shares, compared to its average volume of 44,647. Westport Fuel Systems has a 52 week low of $3.91 and a 52 week high of $7.86. The stock has a market cap of $68.00 million, a PE ratio of -2.66 and a beta of 2.84. The company’s fifty day moving average price is $4.47 and its two-hundred day moving average price 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.

Analyst Ratings Changes

WPRT has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $8.00 price target on shares of Westport Fuel Systems in a research report on Thursday. StockNews.com raised shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, HC Wainwright reissued a “buy” rating and set a $22.00 price target on shares of Westport Fuel Systems in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.13.

About Westport Fuel Systems

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.