Equities analysts predict that Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) will announce $55.33 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Westport Fuel Systems’ earnings, with the lowest sales estimate coming in at $53.00 million and the highest estimate coming in at $58.00 million. Westport Fuel Systems reported sales of $80.40 million in the same quarter last year, which indicates a negative year over year growth rate of 31.2%. The firm is expected to issue its next quarterly earnings results on Monday, March 26th.
On average, analysts expect that Westport Fuel Systems will report full year sales of $55.33 million for the current financial year, with estimates ranging from $231.20 million to $237.90 million. For the next year, analysts forecast that the firm will report sales of $252.53 million per share, with estimates ranging from $250.00 million to $256.20 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Westport Fuel Systems.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its earnings results on Tuesday, November 14th. The auto parts company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative net margin of 14.85% and a negative return on equity of 64.05%. The firm had revenue of $60.80 million during the quarter, compared to analyst estimates of $51.91 million. During the same quarter in the prior year, the business posted ($0.30) EPS. The business’s revenue was up 8.4% compared to the same quarter last year.
Several analysts have recently issued reports on the stock. Lake Street Capital upped their target price on shares of Westport Fuel Systems from $3.00 to $5.00 and gave the stock a “hold” rating in a research note on Thursday, October 5th. Zacks Investment Research upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Thursday, October 12th. ValuEngine lowered shares of Westport Fuel Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, Oppenheimer upped their target price on shares of Westport Fuel Systems from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Westport Fuel Systems currently has an average rating of “Buy” and a consensus target price of $3.38.
Shares of Westport Fuel Systems (NASDAQ:WPRT) opened at $3.02 on Thursday. Westport Fuel Systems has a one year low of $0.82 and a one year high of $4.09. The company has a current ratio of 1.62, a quick ratio of 1.13 and a debt-to-equity ratio of 0.22.
Several large investors have recently modified their holdings of WPRT. Northern Trust Corp lifted its holdings in Westport Fuel Systems by 0.5% during the second quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock valued at $161,000 after purchasing an additional 346 shares during the last quarter. Royal Bank of Canada lifted its holdings in Westport Fuel Systems by 0.5% during the second quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock valued at $169,000 after purchasing an additional 375 shares during the last quarter. Royce & Associates LP lifted its holdings in Westport Fuel Systems by 1.4% during the second quarter. Royce & Associates LP now owns 5,464,983 shares of the auto parts company’s stock valued at $12,843,000 after purchasing an additional 73,000 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in Westport Fuel Systems during the second quarter valued at about $1,176,000. Finally, Hood River Capital Management LLC purchased a new stake in Westport Fuel Systems during the third quarter valued at about $7,936,000. 15.94% of the stock is currently owned by institutional investors.
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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.
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