Westport Fuel Systems Inc (WPRT) Expected to Post Earnings of -$0.13 Per Share

Brokerages predict that Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) will announce ($0.13) earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Westport Fuel Systems’ earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.15). Westport Fuel Systems reported earnings of ($0.24) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 45.8%. The firm is scheduled to report its next earnings results on Monday, March 26th.

According to Zacks, analysts expect that Westport Fuel Systems will report full-year earnings of ($0.47) per share for the current fiscal year, with EPS estimates ranging from ($0.49) to ($0.44). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.22) per share, with EPS estimates ranging from ($0.37) to ($0.13). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Westport Fuel Systems.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its quarterly earnings data on Tuesday, November 14th. The auto parts company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. The firm had revenue of $60.80 million during the quarter, compared to analysts’ expectations of $51.91 million. Westport Fuel Systems had a negative return on equity of 64.05% and a negative net margin of 14.85%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.30) EPS.

Several equities analysts have weighed in on the company. Cowen and Company set a $2.00 price objective on Westport Fuel Systems and gave the company a “hold” rating in a report on Monday, August 14th. Lake Street Capital lifted their price objective on Westport Fuel Systems from $3.00 to $5.00 and gave the company a “hold” rating in a report on Thursday, October 5th. Zacks Investment Research raised Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Thursday, October 12th. CIBC assumed coverage on Westport Fuel Systems in a report on Thursday, August 17th. They issued an “outperform” rating and a $3.00 price objective for the company. Finally, ValuEngine raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $3.38.

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Shares of Westport Fuel Systems (NASDAQ WPRT) traded down $0.35 during midday trading on Friday, reaching $3.02. The company’s stock had a trading volume of 2,040,848 shares, compared to its average volume of 922,745. The company has a quick ratio of 1.13, a current ratio of 1.62 and a debt-to-equity ratio of 0.22. Westport Fuel Systems has a 52-week low of $0.82 and a 52-week high of $4.09.

Institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Westport Fuel Systems by 496.2% in the 1st quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock valued at $103,000 after purchasing an additional 89,931 shares during the last quarter. KCG Holdings Inc. grew its position in Westport Fuel Systems by 313.2% during the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 96,365 shares during the last quarter. Northern Trust Corp grew its position in Westport Fuel Systems by 0.5% during the 2nd quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock worth $161,000 after acquiring an additional 346 shares during the last quarter. Royal Bank of Canada grew its position in Westport Fuel Systems by 0.5% during the 2nd quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock worth $169,000 after acquiring an additional 375 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY bought a new stake in Westport Fuel Systems during the 2nd quarter worth $1,176,000. Institutional investors own 13.85% of the company’s stock.

About Westport Fuel Systems

Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.

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Earnings History and Estimates for Westport Fuel Systems (NASDAQ:WPRT)

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