Workhorse Group, Inc. (WKHS) Posts Earnings Results, Misses Estimates By $0.11 EPS

Workhorse Group, Inc. (NASDAQ:WKHS) issued its quarterly earnings results on Tuesday, November 7th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.11), Bloomberg Earnings reports. Workhorse Group had a negative net margin of 439.21% and a negative return on equity of 310.65%. The business had revenue of $3.29 million during the quarter.

Workhorse Group (NASDAQ WKHS) traded up $0.09 during midday trading on Friday, reaching $2.94. 204,440 shares of the company’s stock traded hands, compared to its average volume of 431,175. Workhorse Group has a one year low of $1.85 and a one year high of $8.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.89 and a quick ratio of 1.17.

Several research firms have issued reports on WKHS. Maxim Group reissued a “buy” rating and set a $5.00 price target on shares of Workhorse Group in a report on Thursday, September 14th. Cowen and Company began coverage on Workhorse Group in a research note on Thursday, August 17th. They set an “outperform” rating and a $5.25 price objective for the company.

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About Workhorse Group

Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.

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