Westport Fuel Systems (WPRT) to Release Earnings on Wednesday

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.55) per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last released 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). Westport Fuel Systems had a negative return on equity of 26.18% and a negative net margin of 14.97%. The business had revenue of $87.20 million for the quarter, compared to analyst estimates of $82.00 million. 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 Trading Down 3.7 %

WPRT traded down $0.20 during trading on Wednesday, hitting $5.25. The company's stock had a trading volume of 48,016 shares, compared to its average volume of 49,130. The firm has a market capitalization of $90.14 million, a P/E ratio of -1.92 and a beta of 2.45. Westport Fuel Systems has a twelve month low of $4.90 and a twelve month high of $12.00. The stock's fifty day moving average price is $6.08 and its 200-day moving average price is $6.21. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.19.

Analyst Upgrades and Downgrades

A number of research firms have commented on WPRT. Oppenheimer restated an "outperform" rating and issued a $19.00 price target on shares of Westport Fuel Systems in a report on Wednesday, March 27th. TD Securities reduced their target price on Westport Fuel Systems from $8.00 to $7.50 and set a "market perform" rating for the company in a research note on Wednesday, March 27th. Royal Bank of Canada dropped their price target on Westport Fuel Systems from $10.00 to $9.00 and set a "sector perform" rating on the stock in a research note on Wednesday, March 27th. Finally, HC Wainwright reissued a "buy" rating and issued a $30.00 price objective on shares of Westport Fuel Systems in a research note on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Westport Fuel Systems has an average rating of "Hold" and a consensus target price of $15.10.

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.