Westport Fuel Systems (WPRT) Set to Announce Quarterly Earnings on Wednesday

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.55) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its earnings results on Monday, March 25th. The auto parts company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.19). Westport Fuel Systems had a negative return on equity of 26.18% and a negative net margin of 14.97%. The business had revenue of $87.20 million for the quarter, compared to the consensus estimate of $82.00 million. On average, analysts expect Westport Fuel Systems to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Westport Fuel Systems Trading Down 7.5 %

Shares of NASDAQ WPRT opened at $5.33 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $6.05 and its 200 day simple moving average is $6.20. Westport Fuel Systems has a fifty-two week low of $4.90 and a fifty-two week high of $12.00.

Analysts Set New Price Targets

WPRT has been the topic of several analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $19.00 target price on shares of Westport Fuel Systems in a research report on Wednesday, March 27th. TD Securities cut their price objective on shares of Westport Fuel Systems from $8.00 to $7.50 and set a “market perform” rating on the stock in a report on Wednesday, March 27th. Royal Bank of Canada lowered their target price on shares of Westport Fuel Systems from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Wednesday, March 27th. Finally, HC Wainwright reissued a “buy” rating and set a $30.00 price target on shares of Westport Fuel Systems in a research report on Wednesday, March 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Westport Fuel Systems has an average rating of “Hold” and an average target price of $15.10.

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.