FY2017 Earnings Estimate for Westport Fuel Systems Inc (WPRT) Issued By Lake Street Capital

Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) – Analysts at Lake Street Capital raised their FY2017 earnings per share (EPS) estimates for shares of Westport Fuel Systems in a research note issued on Thursday. Lake Street Capital analyst R. Brown now expects that the auto parts company will post earnings per share of ($0.49) for the year, up from their previous forecast of ($0.51). Lake Street Capital currently has a “Hold” rating and a $5.00 target price on the stock. Lake Street Capital also issued estimates for Westport Fuel Systems’ Q4 2017 earnings at ($0.12) EPS, FY2018 earnings at ($0.25) EPS, FY2019 earnings at ($0.12) EPS and FY2020 earnings at $0.08 EPS.

WPRT has been the topic of a number of other reports. Cowen and Company set a $2.00 price target on Westport Fuel Systems and gave the company a “hold” rating in a report on Monday, August 14th. CIBC began coverage on Westport Fuel Systems in a report on Thursday, August 17th. They issued an “outperform” rating and a $3.00 price target on the stock. ValuEngine upgraded Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. HC Wainwright set a $5.00 price target on Westport Fuel Systems and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, Zacks Investment Research upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Westport Fuel Systems presently has a consensus rating of “Hold” and a consensus price target of $3.02.

TRADEMARK VIOLATION NOTICE: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/fy2017-earnings-estimate-for-westport-fuel-systems-inc-wprt-issued-by-lake-street-capital.html.

Shares of Westport Fuel Systems (WPRT) opened at 3.90 on Monday. Westport Fuel Systems has a 12-month low of $0.82 and a 12-month high of $3.93. The company’s market capitalization is $508.56 million. The firm has a 50-day moving average price of $2.85 and a 200 day moving average price of $1.93.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last released its earnings results on Monday, August 14th. The auto parts company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative return on equity of 65.98% and a negative net margin of 20.37%. The business had revenue of $62.10 million for the quarter, compared to the consensus estimate of $58.44 million. During the same period in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 66.9% compared to the same quarter last year.

Several large investors have recently made changes to their positions in WPRT. Wells Fargo & Company MN increased its holdings in shares of Westport Fuel Systems by 496.2% in the 1st quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock valued at $103,000 after acquiring an additional 89,931 shares during the period. US Bancorp DE increased its holdings in shares of Westport Fuel Systems by 62.7% in the 1st quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock valued at $240,000 after acquiring an additional 96,401 shares during the period. Royce & Associates LP increased its holdings in shares of Westport Fuel Systems by 1.0% in the 1st quarter. Royce & Associates LP now owns 5,391,983 shares of the auto parts company’s stock valued at $5,176,000 after acquiring an additional 52,500 shares during the period. KCG Holdings Inc. grew its stake in Westport Fuel Systems by 313.2% during the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock worth $122,000 after buying an additional 96,365 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY purchased a new position in Westport Fuel Systems during the 2nd quarter worth $1,176,000. Institutional investors and hedge funds own 9.35% of the company’s stock.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sel

Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) – Analysts at Lake Street Capital raised their FY2017 earnings per share (EPS) estimates for shares of Westport Fuel Systems in a research note issued on Thursday. Lake Street Capital analyst R. Brown now expects that the auto parts company will post earnings per share of ($0.49) for the year, up from their previous forecast of ($0.51). Lake Street Capital currently has a “Hold” rating and a $5.00 target price on the stock. Lake Street Capital also issued estimates for Westport Fuel Systems’ Q4 2017 earnings at ($0.12) EPS, FY2018 earnings at ($0.25) EPS, FY2019 earnings at ($0.12) EPS and FY2020 earnings at $0.08 EPS.

WPRT has been the topic of a number of other reports. Cowen and Company set a $2.00 price target on Westport Fuel Systems and gave the company a “hold” rating in a report on Monday, August 14th. CIBC began coverage on Westport Fuel Systems in a report on Thursday, August 17th. They issued an “outperform” rating and a $3.00 price target on the stock. ValuEngine upgraded Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. HC Wainwright set a $5.00 price target on Westport Fuel Systems and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, Zacks Investment Research upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Westport Fuel Systems presently has a consensus rating of “Hold” and a consensus price target of $3.02.

TRADEMARK VIOLATION NOTICE: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/fy2017-earnings-estimate-for-westport-fuel-systems-inc-wprt-issued-by-lake-street-capital.html.

Shares of Westport Fuel Systems (WPRT) opened at 3.90 on Monday. Westport Fuel Systems has a 12-month low of $0.82 and a 12-month high of $3.93. The company’s market capitalization is $508.56 million. The firm has a 50-day moving average price of $2.85 and a 200 day moving average price of $1.93.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last released its earnings results on Monday, August 14th. The auto parts company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative return on equity of 65.98% and a negative net margin of 20.37%. The business had revenue of $62.10 million for the quarter, compared to the consensus estimate of $58.44 million. During the same period in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 66.9% compared to the same quarter last year.

Several large investors have recently made changes to their positions in WPRT. Wells Fargo & Company MN increased its holdings in shares of Westport Fuel Systems by 496.2% in the 1st quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock valued at $103,000 after acquiring an additional 89,931 shares during the period. US Bancorp DE increased its holdings in shares of Westport Fuel Systems by 62.7% in the 1st quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock valued at $240,000 after acquiring an additional 96,401 shares during the period. Royce & Associates LP increased its holdings in shares of Westport Fuel Systems by 1.0% in the 1st quarter. Royce & Associates LP now owns 5,391,983 shares of the auto parts company’s stock valued at $5,176,000 after acquiring an additional 52,500 shares during the period. KCG Holdings Inc. grew its stake in Westport Fuel Systems by 313.2% during the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock worth $122,000 after buying an additional 96,365 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY purchased a new position in Westport Fuel Systems during the 2nd quarter worth $1,176,000. Institutional investors and hedge funds own 9.35% of the company’s stock.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.

Earnings History and Estimates for Westport Fuel Systems (NASDAQ:WPRT)

Receive News & Ratings for Westport Fuel Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westport Fuel Systems Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply