Westport Fuel Systems (WPRT) to Release Quarterly Earnings on Friday

Westport Fuel Systems (NASDAQ:WPRT – Get Rating) (TSE:WPRT) is set to release its earnings data after the market closes on Friday, May 6th. Analysts expect Westport Fuel Systems to post earnings of ($0.03) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Westport Fuel Systems (NASDAQ:WPRT – Get Rating) (TSE:WPRT) last posted its earnings results on Monday, March 14th. The auto parts company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. Westport Fuel Systems had a net margin of 4.28% and a return on equity of 3.71%. The firm had revenue of $82.70 million for the quarter, compared to the consensus estimate of $82.50 million. During the same period last year, the firm posted $0.03 EPS. The company’s revenue was down 1.4% on a year-over-year basis. On average, analysts expect Westport Fuel Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Westport Fuel Systems stock opened at $1.24 on Friday. Westport Fuel Systems has a 1 year low of $1.14 and a 1 year high of $7.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.74 and a current ratio of 2.31. The company has a market capitalization of $211.78 million, a P/E ratio of 13.78 and a beta of 2.37. The company’s fifty day moving average is $1.53 and its two-hundred day moving average is $2.14.

Several large investors have recently bought and sold shares of the company. Invesco Ltd. acquired a new stake in shares of Westport Fuel Systems in the second quarter worth $55,000. Wells Fargo & Company MN increased its position in Westport Fuel Systems by 148.8% in the second quarter. Wells Fargo & Company MN now owns 81,765 shares of the auto parts company’s stock worth $434,000 after purchasing an additional 48,900 shares during the period. Morgan Stanley grew its position in shares of Westport Fuel Systems by 31.3% during the 2nd quarter. Morgan Stanley now owns 1,110,675 shares of the auto parts company’s stock worth $5,898,000 after buying an additional 264,711 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Westport Fuel Systems by 253.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 53,575 shares of the auto parts company’s stock valued at $176,000 after purchasing an additional 38,423 shares in the last quarter. Finally, UBS Group AG lifted its stake in Westport Fuel Systems by 13.0% in the 3rd quarter. UBS Group AG now owns 250,330 shares of the auto parts company’s stock valued at $824,000 after acquiring an additional 28,744 shares in the last quarter. Institutional investors own 28.00% of the company’s stock.

Several analysts recently commented on WPRT shares. StockNews.com began coverage on shares of Westport Fuel Systems in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Zacks Investment Research upgraded shares of Westport Fuel Systems from a “strong sell” rating to a “hold” rating and set a $2.25 price target for the company in a report on Thursday, January 13th. Finally, HC Wainwright lowered their target price on shares of Westport Fuel Systems from $12.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, March 16th.

Westport Fuel Systems Company Profile (Get Rating)

Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications worldwide. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments. It offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, light and heavy-duty original equipment manufacturers (OEMs) and delayed OEMs, electronics, hydrogen, and fuel storage activities.

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