Vestas Wind Systems AS (OTCMKTS:VWDRY) Issues Quarterly Earnings Results, Beats Expectations 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) announced its quarterly earnings results on Wednesday. The energy company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02, Zacks reports. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $3.98 billion. Vestas Wind Systems AS had a return on equity of 17.84% and a net margin of 3.15%.

Vestas Wind Systems AS Trading Down 1.5%

Vestas Wind Systems AS stock traded down $0.09 during midday trading on Thursday, reaching $5.86. The stock had a trading volume of 140,622 shares, compared to its average volume of 375,543. The firm's fifty day simple moving average is $5.72 and its two-hundred day simple moving average is $5.10. Vestas Wind Systems AS has a twelve month low of $3.96 and a twelve month high of $8.25. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.02 and a quick ratio of 0.60. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 0.66 and a beta of 1.25.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VWDRY. Kepler Capital Markets cut shares of Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Berenberg Bank raised shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Finally, Citigroup reaffirmed a "buy" rating on shares of Vestas Wind Systems AS in a research report on Wednesday, May 21st.

About Vestas Wind Systems AS

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.

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