Westport Fuel Systems Inc. (NASDAQ:WPRT - Free Report) TSE: WPRT - Equities research analysts at Zacks Research upped their Q2 2024 earnings per share estimates for Westport Fuel Systems in a report released on Monday, April 15th. Zacks Research analyst L. Shahu now expects that the auto parts company will post earnings of ($0.45) per share for the quarter, up from their prior estimate of ($0.46). The consensus estimate for Westport Fuel Systems' current full-year earnings is ($1.73) per share. Zacks Research also issued estimates for Westport Fuel Systems' Q3 2024 earnings at ($0.46) EPS, Q4 2024 earnings at ($0.42) EPS, FY2024 earnings at ($1.88) EPS, Q1 2025 earnings at ($0.27) EPS, Q2 2025 earnings at ($0.29) EPS, Q3 2025 earnings at ($0.25) EPS, Q4 2025 earnings at ($0.28) EPS, FY2025 earnings at ($1.09) EPS and FY2026 earnings at ($0.04) EPS.
Several other research analysts have also recently weighed in on the stock. Oppenheimer restated an "outperform" rating and issued a $19.00 price objective on shares of Westport Fuel Systems in a research report on Wednesday, March 27th. Royal Bank of Canada dropped their price objective on shares of Westport Fuel Systems from $10.00 to $9.00 and set a "sector perform" rating for the company in a research report on Wednesday, March 27th. HC Wainwright restated a "buy" rating and issued a $30.00 price objective on shares of Westport Fuel Systems in a research report on Wednesday, March 27th. Finally, TD Securities dropped their price objective on shares of Westport Fuel Systems from $8.00 to $7.50 and set a "market perform" rating for the company in a research report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $15.10.
Read Our Latest Report on WPRT
Westport Fuel Systems Price Performance
Shares of WPRT traded down $0.01 on Wednesday, hitting $5.69. The company's stock had a trading volume of 38,156 shares, compared to its average volume of 50,317. The company has a market capitalization of $97.70 million, a PE ratio of -1.99 and a beta of 2.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.61 and a quick ratio of 1.11. Westport Fuel Systems has a fifty-two week low of $4.90 and a fifty-two week high of $12.00. The company has a 50 day moving average price of $6.10 and a 200 day moving average price of $6.20.
Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last announced its earnings results on Monday, March 25th. The auto parts company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.19). The business had revenue of $87.20 million during the quarter, compared to analyst estimates of $82.00 million. Westport Fuel Systems had a negative return on equity of 26.18% and a negative net margin of 14.97%.
Institutional Trading of Westport Fuel Systems
Institutional investors and hedge funds have recently made changes to their positions in the business. AE Wealth Management LLC raised its position in shares of Westport Fuel Systems by 25.0% during the 3rd quarter. AE Wealth Management LLC now owns 51,439 shares of the auto parts company's stock valued at $312,000 after acquiring an additional 10,300 shares during the last quarter. Trellus Management Company LLC increased its position in shares of Westport Fuel Systems by 32.1% in the 3rd quarter. Trellus Management Company LLC now owns 83,238 shares of the auto parts company's stock valued at $504,000 after buying an additional 20,238 shares in the last quarter. Grace & White Inc. NY increased its position in shares of Westport Fuel Systems by 18.1% in the 3rd quarter. Grace & White Inc. NY now owns 399,876 shares of the auto parts company's stock valued at $2,423,000 after buying an additional 61,199 shares in the last quarter. AMH Equity Ltd bought a new stake in shares of Westport Fuel Systems in the 3rd quarter valued at $991,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Westport Fuel Systems by 165.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 78,562 shares of the auto parts company's stock valued at $75,000 after buying an additional 49,000 shares in the last quarter. Institutional investors own 21.30% of the company's stock.
About Westport Fuel Systems
(
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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.
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