Wartsila (OTCMKTS:WRTBY) Issues Earnings Results

Key Points

• Wärtsilä reported quarterly earnings of $0.07 per share, with a 25.56% return on equity and a 9.77% net margin.
• Shares opened at $6.37 and remain below their moving averages, with the stock ranging from $5.96 to $9.49 over the past year. Wärtsilä has an $18.85 billion market capitalization and a 23.27 price-to-earnings ratio.
• Analyst sentiment is mixed: Deutsche Bank and Goldman Sachs upgraded the stock to “buy,” while Citigroup maintained a “sell” rating. Overall, analysts assign Wärtsilä an average “Reduce” rating.

Wartsila (OTCMKTS:WRTBY - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share for the quarter, Zacks reports. Wartsila had a return on equity of 25.56% and a net margin of 9.77%.

Wartsila Stock Performance

Shares of WRTBY stock opened at $6.37 on Tuesday. The stock's 50-day moving average price is $6.60 and its 200 day moving average price is $7.50. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $18.85 billion, a PE ratio of 23.27 and a beta of 1.16. Wartsila has a 52-week low of $5.96 and a 52-week high of $9.49.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WRTBY shares. Oddo Bhf began coverage on shares of Wartsila in a research report on Tuesday, July 7th. They set a "neutral" rating on the stock. Citigroup reiterated a "sell" rating on shares of Wartsila in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Wartsila from a "hold" rating to a "buy" rating in a research note on Wednesday, October 21st. Finally, The Goldman Sachs Group upgraded shares of Wartsila from a "hold" rating to a "buy" rating in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce".

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.

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