Equities analysts predict that Westport Fuel Systems Inc. (NASDAQ:WPRT – Get Rating) (TSE:WPRT) will report sales of $78.02 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Westport Fuel Systems’ earnings. The lowest sales estimate is $72.70 million and the highest is $82.96 million. Westport Fuel Systems posted sales of $84.70 million in the same quarter last year, which suggests a negative year-over-year growth rate of 7.9%. The business is expected to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Westport Fuel Systems will report full year sales of $320.08 million for the current fiscal year, with estimates ranging from $301.80 million to $328.03 million. For the next fiscal year, analysts expect that the business will post sales of $382.93 million, with estimates ranging from $369.04 million to $407.50 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Westport Fuel Systems.
Westport Fuel Systems (NASDAQ:WPRT – Get Rating) (TSE:WPRT) last issued its earnings results on Friday, May 6th. The auto parts company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. Westport Fuel Systems had a net margin of 4.28% and a return on equity of 3.71%. The business had revenue of $76.54 million for the quarter, compared to the consensus estimate of $72.62 million. During the same quarter last year, the firm posted ($0.02) EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year.
Shares of WPRT opened at $1.08 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.31 and a quick ratio of 1.74. Westport Fuel Systems has a 12 month low of $0.95 and a 12 month high of $6.81. The stock has a market cap of $184.46 million, a PE ratio of 7.20 and a beta of 2.41. The stock’s 50-day moving average is $1.45 and its two-hundred day moving average is $2.00.
A number of hedge funds have recently bought and sold shares of WPRT. DekaBank Deutsche Girozentrale boosted its stake in shares of Westport Fuel Systems by 58.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 4,978,000 shares of the auto parts company’s stock valued at $10,989,000 after buying an additional 1,830,000 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Westport Fuel Systems by 339.7% during the 3rd quarter. Two Sigma Advisers LP now owns 2,181,063 shares of the auto parts company’s stock worth $7,176,000 after purchasing an additional 1,685,000 shares during the period. Millennium Management LLC lifted its position in Westport Fuel Systems by 27.7% in the 4th quarter. Millennium Management LLC now owns 3,654,119 shares of the auto parts company’s stock valued at $8,661,000 after purchasing an additional 793,555 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new position in Westport Fuel Systems during the 4th quarter valued at about $1,383,000. Finally, Goldman Sachs Group Inc. grew its holdings in Westport Fuel Systems by 172.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 745,638 shares of the auto parts company’s stock worth $1,767,000 after buying an additional 471,479 shares in the last quarter. Institutional investors own 24.86% of the company’s stock.
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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