Vestas Wind Systems AS (VWDRY) Expected to Announce 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 projected to release 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 Price Performance

Shares of OTCMKTS VWDRY traded down $0.02 during trading hours on Friday, reaching $5.99. 177,482 shares of the stock traded hands, compared to its average volume of 192,507. The company's 50-day simple moving average is $5.67 and its two-hundred day simple moving average is $5.06. The company has a market capitalization of $18.14 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 0.65 and a beta of 1.25. Vestas Wind Systems AS has a 52-week low of $3.96 and a 52-week 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.

Analyst Upgrades and Downgrades

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

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.