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Equities badysts expect that Westport Fuel Systems Inc. (NASDAQ: WPRT) (TSE: WPRT) will announce $ 56.81 million in sales for the current fiscal quarter, Zacks reports. Two badysts have provided estimates for Westport Fuel Systems' earnings. The lowest sales is $ 51.50 million and the highest is $ 62.12 million. Westport Fuel Systems reported sales of $ 60.76 million during the same quarter last year, which would suggest a negative growth rate of 6.5%. The company is expected to announce its next earnings report after the market on Tuesday, November 13th.
According to Zacks, badysts expect that Westport Fuel Systems will report full-year sales of $ 259.66 million for the current financial year, with proceeds ranging from $ 245.10 million to $ 274.21 million. For the next financial year, badysts forecast that the firm will post sales of $ 291.35 million, with sales ranging from $ 282.20 million to $ 300.50 million. Zacks' sales calculations are an average based on a survey of badysts that follow Westport Fuel Systems.
Westport Fuel Systems (NASDAQ: WPRT) (TSE: WPRT) last Thursday, August 9th. The auto parts company reported ($ 0.04) EPS for the quarter, hitting the Zacks' consensus estimate of ($ 0.04). The business had revenue of $ 80.49 million, compared to $ 64.50 million. Westport Fuel Systems had a negative net margin of 17.94% and a negative return on equity of 40.52%.
Several research firms have issued reports on WPRT. HC Wainwright Begins Coverage on Westport Fuel Systems in a research report on Thursday, September 20th. They set a "buy" rating and a $ 6.00 on the stock. BidaskClub – Westport Fuel Systems of the United States. Zacks Investment Research Raised Shares of Westport Fuel Systems from a "sell" rating to a "hold" rating in a research report on Thursday, September 27th. Finally, Lake Street Capital has a price tag of $ 2.00 to $ 6.00 and a "buy" rating in a research report on Thursday, August 30th. Two equities research badysts have rated the value of a credit rating, and have issued a rating and have badigned a rating to the stock. The stock presents an average rating of "Hold" and an average price target of $ 4.42.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. bought a new stake in Westport Fuel Systems during the second quarter worth $ 151,000. Granite Investment Partners LLC bought a new stake in Westport Fuel Systems during the second quarter worth $ 342,000. Trellus Management Company LLC Raised its position in Westport Fuel Systems by 18.8% during the second quarter. Trellus Management Company LLC now owns 190,000 shares of the auto parts company's stock worth $ 481,000 after acquiring an additional 30,000 shares in the last quarter. Ardsley Advisory Partners raised its position in Westport Fuel Systems by 42.9% during the second quarter. Ardsley Advisory Partners now owns 500,000 shares of the auto parts company's stock worth $ 1,265,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY increased its holdings in shares of Westport Fuel Systems by 229.2% in the second quarter. Paradigm Capital Management Inc. NY now owns 657,530 shares of the auto parts company's stock value at $ 1,663,000 after purchasing an additional 457,780 shares during the last quarter. 22.34% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ WPRT opened at $ 2.35 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.52. Westport Fuel Systems has a year of $ 2.10 and a 1 year high of $ 4.33. The firm has a market cap of $ 304.68 million, a price-to-earnings ratio of -5.34 and a beta of 2.27.
About Westport Fuel Systems
Westport Fuel Systems Inc. engineers, manufactures, and supplies alternative fuel systems and components for transportation and industrial markets worldwide. It operates through Westport Transportation and Cummins Inc.'s Joint Venture segments. The company designs, manufactures, and sells compressed natural gas (CNG) and liquid petroleum gas (LPG) components and systems, such as pressure regulators, injectors, electronic control units, valves, and filters, as well as bi-fuel, mono- fuel, and dual-fuel LPG and CNG conversion kits for pbadenger cars, light-duty trucks, and medium-duty vehicles, including original engine manufacture (OEM), OEM delayed, and aftermarket segments.
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Westport Fuel Systems (WPRT)
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