Westport Fuel Systems (NASDAQ:WPRT) Issues Earnings Results

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, beating the consensus estimate 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 analyst estimates of $66.88 million. During the same period in the previous year, the firm earned ($0.68) earnings per share.

Westport Fuel Systems Stock Performance

Shares of NASDAQ:WPRT traded down $0.08 during midday trading on Friday, reaching $3.97. 15,722 shares of the company traded hands, compared to its average volume of 44,660. The firm’s fifty day moving average price is $4.47 and its two-hundred day moving average price is $5.37. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.16. Westport Fuel Systems has a 12 month low of $3.91 and a 12 month high of $7.86. The firm has a market capitalization of $68.52 million, a price-to-earnings ratio of -2.66 and a beta of 2.84.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WPRT. HC Wainwright restated a “buy” rating and set a $22.00 price target on shares of Westport Fuel Systems in a report on Thursday, August 15th. StockNews.com raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $8.00 price objective on shares of Westport Fuel Systems in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company 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.