Vestas Wind Systems AS (OTCMKTS:VWDRY – Get Free Report) announced its quarterly earnings results on Wednesday. The energy company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02), Zacks reports. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.07%. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.80 billion.
Vestas Wind Systems AS Stock Performance
Shares of OTCMKTS:VWDRY opened at $9.41 on Thursday. The company has a market cap of $28.10 billion, a P/E ratio of 22.95, a PEG ratio of 0.74 and a beta of 1.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.03. Vestas Wind Systems AS has a one year low of $7.51 and a one year high of $11.36. The business’s 50-day simple moving average is $9.97 and its 200 day simple moving average is $9.48.
Recent Vestas Wind Systems AS Headlines
Investors following VWDRY have been watching these headlines:
- Positive Sentiment: DZ Bank maintained its Buy rating on Vestas, signaling continued analyst support. DZ Bank maintains a Buy rating
- Negative Sentiment: Vestas reported Q3 EPS of $0.13, below the $0.15 consensus estimate. Reports cited weak volume, German project costs and a broken turbine blade as pressures on quarterly profit. Reuters: Vestas profit hit by weak volume and broken turbine blade German wind project costs weigh on quarterly profit
- Negative Sentiment: The company narrowed its guidance, with reporting indicating the revised outlook could lead analysts to lower consensus estimates. The earnings miss and outlook change weighed on investor sentiment. WSJ: Earnings miss and narrowed guidance
Analysts Set New Price Targets
VWDRY has been the subject of several recent research reports. Berenberg Bank raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Deutsche Bank restated a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
View Our Latest Analysis on VWDRY
Vestas Wind Systems AS Company Profile
Vestas Wind Systems A/S is a Denmark-based company that designs, manufactures, installs and services wind turbines. Its products and solutions support both onshore and offshore wind energy projects. Founded in 1945, Vestas initially operated in other manufacturing businesses before focusing on wind energy. The company serves customers in markets around the world and provides services intended to support turbine performance throughout a project’s operating life.
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