Westport Fuel Systems Inc. (NASDAQ:WPRT) Expected to Earn FY2028 Earnings of $1.13 Per Share

Westport Fuel Systems Inc. (NASDAQ:WPRT - Free Report) TSE: WPRT - Equities researchers at HC Wainwright issued their FY2028 earnings per share (EPS) estimates for shares of Westport Fuel Systems in a note issued to investors on Wednesday, March 27th. HC Wainwright analyst A. Dayal expects that the auto parts company will earn $1.13 per share for the year. HC Wainwright currently has a "Buy" rating and a $30.00 target price on the stock. The consensus estimate for Westport Fuel Systems' current full-year earnings is ($1.34) per share.

Other analysts also recently issued research reports about the company. Oppenheimer restated an "outperform" rating and set a $19.00 price objective on shares of Westport Fuel Systems in a report on Wednesday. Royal Bank of Canada dropped their target price on Westport Fuel Systems from $10.00 to $9.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Finally, TD Securities lowered their target price on shares of Westport Fuel Systems from $8.00 to $7.50 and set a "market perform" rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $15.10.

Westport Fuel Systems Price Performance

NASDAQ:WPRT traded down $0.06 during midday trading on Friday, hitting $6.74. 99,830 shares of the stock were exchanged, compared to its average volume of 77,064. The company has a current ratio of 1.61, a quick ratio of 1.14 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $115.76 million, a price-to-earnings ratio of -2.36 and a beta of 2.45. The business has a 50-day moving average price of $6.03 and a two-hundred day moving average price of $6.25. Westport Fuel Systems has a one year low of $4.90 and a one year high of $12.00.

Hedge Funds Weigh In On Westport Fuel Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in Westport Fuel Systems by 251.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 35,111 shares of the auto parts company's stock valued at $55,000 after acquiring an additional 25,111 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Westport Fuel Systems by 70.8% in the first quarter. Advisor Group Holdings Inc. now owns 21,226 shares of the auto parts company's stock valued at $34,000 after buying an additional 8,800 shares during the period. Swiss National Bank increased its holdings in Westport Fuel Systems by 18.6% during the 1st quarter. Swiss National Bank now owns 345,500 shares of the auto parts company's stock worth $555,000 after purchasing an additional 54,200 shares in the last quarter. US Bancorp DE grew its holdings in shares of Westport Fuel Systems by 26.6% during the first quarter. US Bancorp DE now owns 350,006 shares of the auto parts company's stock worth $553,000 after buying an additional 73,463 shares in the last quarter. Finally, Cibc World Market Inc. acquired a new position in Westport Fuel Systems during the first quarter worth $51,000. 21.30% of the stock is currently owned by institutional investors.

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, the Americas, Asia, Africa, and internationally. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments.