$55.33 Million in Sales Expected for Westport Fuel Systems Inc (WPRT) This Quarter

Equities analysts forecast that Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) will report sales of $55.33 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Westport Fuel Systems’ earnings, with the lowest sales estimate coming in at $53.00 million and the highest estimate coming in at $58.00 million. Westport Fuel Systems posted sales of $80.40 million in the same quarter last year, which suggests a negative year-over-year growth rate of 31.2%. The firm is scheduled to issue its next earnings results on Monday, March 26th.

According to Zacks, analysts expect that Westport Fuel Systems will report full-year sales of $55.33 million for the current fiscal year, with estimates ranging from $231.20 million to $237.90 million. For the next financial year, analysts forecast that the company will post sales of $252.53 million per share, with estimates ranging from $250.00 million to $256.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Westport Fuel Systems.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its earnings results on Tuesday, November 14th. The auto parts company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.03. The company had revenue of $60.80 million for 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 business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.30) earnings per share.

WPRT has been the topic of several research analyst reports. ValuEngine cut Westport Fuel Systems from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Thursday, October 12th. Oppenheimer increased their target price on Westport Fuel Systems from $3.00 to $3.50 and gave the stock an “outperform” rating in a report on Wednesday, November 15th. Lake Street Capital restated a “buy” rating and set a $5.00 target price on shares of Westport Fuel Systems in a report on Wednesday, November 15th. Finally, Craig Hallum set a $5.00 target price on Westport Fuel Systems and gave the stock a “buy” rating in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Westport Fuel Systems has an average rating of “Hold” and a consensus target price of $3.58.

Shares of Westport Fuel Systems (NASDAQ:WPRT) traded up $0.11 during mid-day trading on Friday, hitting $3.95. The stock had a trading volume of 879,505 shares, compared to its average volume of 1,192,261. The company has a quick ratio of 1.13, a current ratio of 1.62 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $514.68, a PE ratio of -9.87 and a beta of 2.14. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $4.33.

Several hedge funds have recently made changes to their positions in WPRT. Paradigm Capital Management Inc. NY bought a new position in Westport Fuel Systems in the second quarter valued at about $1,176,000. Northern Trust Corp boosted its holdings in Westport Fuel Systems by 0.5% in the second quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock valued at $161,000 after acquiring an additional 346 shares during the last quarter. Royal Bank of Canada boosted its holdings in Westport Fuel Systems by 0.5% in the second quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock valued at $169,000 after acquiring an additional 375 shares during the last quarter. Hood River Capital Management LLC bought a new position in Westport Fuel Systems in the third quarter valued at about $7,936,000. Finally, Pembroke Management LTD bought a new position in Westport Fuel Systems in the third quarter valued at about $16,069,000. Institutional investors own 15.94% of the company’s stock.

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Westport Fuel Systems Company Profile

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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