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

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

Westport Fuel Systems Stock Down 2.0 %

Shares of NASDAQ:WPRT traded down $0.08 on Friday, hitting $3.97. 15,722 shares of the company traded hands, compared to its average volume of 44,660. Westport Fuel Systems has a 52 week low of $3.91 and a 52 week high of $7.86. The company has a market cap of $68.52 million, a PE ratio of -2.66 and a beta of 2.84. The stock has a 50 day simple moving average of $4.47 and a 200-day simple 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.

Analysts Set New Price Targets

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