Vestas Wind Systems AS (OTCMKTS:VWDRY) Announces Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Vestas Wind Systems AS reported earnings of $0.01 per share, exceeding expectations by $0.02, with quarterly revenue reaching $4.37 billion, surpassing the consensus estimate of $3.98 billion.
• The company's stock is currently trading at $5.86, down 1.5%, with a market cap of $17.76 billion and a price-to-earnings ratio of 29.30.
• Analyst ratings reflect mixed sentiments, with Kepler Capital Markets downgrading to "strong sell" while Berenberg Bank upgraded to "strong-buy."

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) released its quarterly earnings results on Wednesday. The energy company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02, Zacks reports. Vestas Wind Systems AS had a net margin of 4.08% and a return on equity of 23.27%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $3.98 billion.

Vestas Wind Systems AS Trading Up 1.2%

Shares of OTCMKTS:VWDRY traded up $0.08 during midday trading on Tuesday, reaching $6.95. The company's stock had a trading volume of 467,635 shares, compared to its average volume of 272,692. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 0.81 and a beta of 1.25. Vestas Wind Systems AS has a 1 year low of $3.96 and a 1 year high of $8.25. The company has a quick ratio of 0.60, a current ratio of 1.02 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average price of $5.77 and a 200 day moving average price of $5.15.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VWDRY. Berenberg Bank raised shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Citigroup reaffirmed a "buy" rating on shares of Vestas Wind Systems AS in a research note on Wednesday, May 21st. Kepler Capital Markets cut Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Vestas Wind Systems AS in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Vestas Wind Systems AS has an average rating of "Moderate Buy".

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.