Westport Fuel Systems (NASDAQ:WPRT) Announces Quarterly Earnings Results

Key Points

• Westport Fuel Systems reported an EPS of ($0.29) for the quarter, meeting analysts' estimates.
• The company's stock is trading down 5.5%, with a current price of $3.61 and a market capitalization of $62.63 million.
• Analysts at Wall Street Zen have initiated coverage with a "hold" rating on Westport Fuel Systems' shares.

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT announced its quarterly earnings data on Monday. The auto parts company reported ($0.29) EPS for the quarter, hitting analysts' consensus estimates of ($0.29), Zacks reports. Westport Fuel Systems had a negative return on equity of 16.12% and a negative net margin of 16.85%. The company had revenue of $12.50 million during the quarter, compared to the consensus estimate of $75.49 million.

Westport Fuel Systems Stock Up 0.3%

Westport Fuel Systems stock traded up $0.01 during midday trading on Friday, reaching $2.96. The stock had a trading volume of 2,311 shares, compared to its average volume of 31,320. The company has a market capitalization of $51.36 million, a P/E ratio of -1.01 and a beta of 2.88. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.01. Westport Fuel Systems has a 12 month low of $2.50 and a 12 month high of $6.20. The company has a fifty day moving average price of $3.38 and a two-hundred day moving average price of $3.45.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WPRT. HC Wainwright reissued a "buy" rating and issued a $7.00 target price on shares of Westport Fuel Systems in a research note on Wednesday. Wall Street Zen started coverage on Westport Fuel Systems in a report on Friday, May 16th. They set a "hold" rating on the stock. Finally, Royal Bank Of Canada dropped their target price on Westport Fuel Systems from $4.00 to $3.00 and set a "sector perform" rating on the stock in a report on Wednesday.

Westport Fuel Systems Company Profile

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.