Vestas Wind Systems AS (VWDRY) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Vestas Wind Systems AS is set to announce its quarterly earnings on August 13th, with analysts projecting a loss of ($0.01) per share and revenue of $3.98 billion.
• The company's stock opened at $6.08, and it has a market cap of $18.42 billion, with a PE ratio of 30.40.
• Investment ratings for Vestas vary, with Citigroup maintaining a "buy" rating, while Berenberg Bank upgraded it to "strong-buy," and Kepler Capital Markets downgraded it to "strong sell."

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) is expected to be releasing its earnings data before the market opens on Wednesday, August 13th. Analysts expect Vestas Wind Systems AS to post earnings of ($0.01) per share and revenue of $3.98 billion for the quarter.

Vestas Wind Systems AS Stock Performance

Shares of OTCMKTS VWDRY traded down $0.02 during midday trading on Friday, reaching $5.99. The company had a trading volume of 177,482 shares, compared to its average volume of 192,507. The stock has a market cap of $18.14 billion, a P/E ratio of 29.94, a P/E/G ratio of 0.65 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 business's 50-day simple moving average is $5.68 and its 200 day simple moving average is $5.07. The company has a current ratio of 1.02, a quick ratio of 0.60 and a debt-to-equity ratio of 0.92.

Analyst Upgrades and Downgrades

VWDRY has been the topic of a number of research reports. Berenberg Bank upgraded shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Kepler Capital Markets lowered shares of Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Finally, Citigroup reiterated a "buy" rating on shares of Vestas Wind Systems AS in a research note 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.