Westport Fuel Systems (NASDAQ:WPRT) Releases Quarterly Earnings Results, Beats Estimates By $0.29 EPS

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) issued its quarterly earnings results on Monday. The auto parts company reported ($0.60) EPS for the quarter, beating analysts’ consensus estimates of ($0.89) by $0.29, Zacks reports. Westport Fuel Systems had a negative return on equity of 16.12% and a negative net margin of 16.85%.

Westport Fuel Systems Price Performance

NASDAQ WPRT traded down $0.01 on Monday, reaching $1.98. The company’s stock had a trading volume of 73,120 shares, compared to its average volume of 39,117. Westport Fuel Systems has a twelve month low of $1.96 and a twelve month high of $4.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.41 and a current ratio of 1.43. The firm’s 50 day moving average is $2.24 and its two-hundred day moving average is $2.83. The stock has a market cap of $34.35 million, a PE ratio of -0.68 and a beta of 2.96.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WPRT. Weiss Ratings reiterated a “sell (e+)” rating on shares of Westport Fuel Systems in a research report on Wednesday, October 8th. Royal Bank Of Canada reduced their price target on shares of Westport Fuel Systems from $4.00 to $3.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 13th. Finally, HC Wainwright reiterated a “buy” rating and issued a $7.00 price objective on shares of Westport Fuel Systems in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.93.

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.