Westport Fuel Systems (WPRT) to Release Quarterly Earnings on Tuesday

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) will issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.41) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its quarterly earnings data on Tuesday, August 13th. The auto parts company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.12. The firm had revenue of $88.64 million for the quarter, compared to analyst estimates of $86.23 million. Westport Fuel Systems had a negative net margin of 10.18% and a negative return on equity of 29.81%. On average, analysts expect Westport Fuel Systems to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Westport Fuel Systems Stock Down 1.2 %

Shares of Westport Fuel Systems stock opened at $4.07 on Tuesday. Westport Fuel Systems has a 1-year low of $4.02 and a 1-year high of $7.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.54. The business has a 50-day moving average of $4.74 and a 200-day moving average of $5.46.

Wall Street Analyst Weigh In

WPRT has been the subject of a number of recent analyst reports. HC Wainwright restated a “buy” rating and set a $22.00 price objective on shares of Westport Fuel Systems in a research note on Thursday, August 15th. Royal Bank of Canada dropped their price target on shares of Westport Fuel Systems from $9.00 to $8.00 and set a “sector perform” rating for the company in a research note on Thursday, August 15th. Finally, StockNews.com raised shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Westport Fuel Systems currently has an average rating of “Hold” and an average price target of $14.13.

About Westport Fuel Systems

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.