Westport Fuel Systems (NASDAQ:WPRT) Issues Earnings Results, Beats Expectations By $0.19 EPS

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) announced its quarterly earnings data on Tuesday. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.19, Zacks reports. The business had revenue of $66.25 million for the quarter, compared to analysts’ expectations of $66.88 million. Westport Fuel Systems had a negative return on equity of 25.57% and a negative net margin of 8.01%. During the same period in the previous year, the business posted ($0.68) EPS.

Westport Fuel Systems Stock Performance

NASDAQ WPRT remained flat at $4.05 on Friday. 30,324 shares of the company’s stock traded hands, compared to its average volume of 44,681. The business has a 50-day moving average of $4.47 and a 200-day moving average of $5.37. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.16. Westport Fuel Systems has a fifty-two week low of $3.91 and a fifty-two week high of $7.86. The company has a market capitalization of $69.90 million, a P/E ratio of -2.66 and a beta of 2.84.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WPRT shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $8.00 price target on shares of Westport Fuel Systems in a research report on Thursday. HC Wainwright reaffirmed a “buy” rating and issued a $22.00 price target on shares of Westport Fuel Systems in a report on Thursday, August 15th. Finally, StockNews.com upgraded Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Westport Fuel Systems currently has a consensus rating of “Hold” and a consensus price target of $14.13.

About Westport Fuel Systems

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.