Wall Street analysts expect Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) to post $67.23 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Westport Fuel Systems’ earnings, with the lowest sales estimate coming in at $66.70 million and the highest estimate coming in at $67.75 million. Westport Fuel Systems reported sales of $67.60 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.5%. The firm is expected to report its next earnings results after the market closes on Thursday, May 9th.
According to Zacks, analysts expect that Westport Fuel Systems will report full year sales of $281.87 million for the current year, with estimates ranging from $281.54 million to $282.20 million. For the next fiscal year, analysts forecast that the firm will post sales of $357.27 million, with estimates ranging from $348.50 million to $366.03 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Westport Fuel Systems.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its quarterly earnings results on Tuesday, March 19th. The auto parts company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $62.15 million. Westport Fuel Systems had a negative return on equity of 41.24% and a negative net margin of 11.49%. Westport Fuel Systems’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the company earned ($0.14) earnings per share.Several equities analysts recently weighed in on WPRT shares. Lake Street Capital lowered shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. HC Wainwright reaffirmed a “buy” rating on shares of Westport Fuel Systems in a research report on Tuesday, January 15th.
Institutional investors and hedge funds have recently modified their holdings of the stock. Two Sigma Investments LP bought a new position in Westport Fuel Systems during the fourth quarter valued at approximately $59,000. Prescott Group Capital Management L.L.C. acquired a new position in Westport Fuel Systems during the fourth quarter valued at approximately $60,000. Two Sigma Securities LLC acquired a new position in Westport Fuel Systems during the fourth quarter valued at approximately $62,000. Virtu Financial LLC grew its holdings in Westport Fuel Systems by 358.6% during the fourth quarter. Virtu Financial LLC now owns 84,334 shares of the auto parts company’s stock valued at $112,000 after purchasing an additional 65,944 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Westport Fuel Systems by 49.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 89,300 shares of the auto parts company’s stock valued at $118,000 after purchasing an additional 29,400 shares during the last quarter. 26.17% of the stock is currently owned by hedge funds and other institutional investors.
WPRT traded up $0.01 during midday trading on Friday, hitting $1.67. 565,352 shares of the company’s stock traded hands, compared to its average volume of 596,828. The firm has a market cap of $214.74 million, a PE ratio of -5.39 and a beta of 2.65. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 1.60. Westport Fuel Systems has a one year low of $1.17 and a one year high of $3.77.
Westport Fuel Systems Company Profile
Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation and industrial markets worldwide. It operates through Transportation and Cummins Westport Inc 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 passenger cars, light-duty trucks, and medium-duty vehicles, including original engine manufacture (OEM), delayed OEM, and aftermarket segments.
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