Westport Fuel Systems (NASDAQ:WPRT) Announces Earnings Results

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) announced its quarterly earnings data on Monday. The auto parts company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.35), Zacks reports. The firm had revenue of $75.10 million during the quarter, compared to analysts’ expectations of $70.68 million. Westport Fuel Systems had a negative return on equity of 25.57% and a negative net margin of 8.01%.

Westport Fuel Systems Price Performance

WPRT opened at $3.56 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $61.53 million, a P/E ratio of -2.39 and a beta of 2.93. The stock has a 50-day moving average price of $4.15 and a 200-day moving average price of $4.18. Westport Fuel Systems has a 12-month low of $3.26 and a 12-month high of $6.69.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Cormark reduced their price objective on shares of Westport Fuel Systems from $11.50 to $10.80 in a research note on Tuesday. Royal Bank of Canada reduced their price target on Westport Fuel Systems from $8.00 to $4.00 and set a “sector perform” rating for the company in a research report on Tuesday.

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.