Wall Street brokerages predict that Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) will post earnings per share (EPS) of ($0.03) for the current quarter, according to Zacks. Two analysts have provided estimates for Westport Fuel Systems’ earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.03). Westport Fuel Systems reported earnings of ($0.09) per share in the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Westport Fuel Systems will report full-year earnings of ($0.09) per share for the current financial year, with EPS estimates ranging from ($0.10) to ($0.07). For the next year, analysts expect that the business will post earnings of $0.13 per share, with EPS estimates ranging from $0.07 to $0.16. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Westport Fuel Systems.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its quarterly earnings results on Thursday, August 8th. The auto parts company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The firm had revenue of $82.40 million during the quarter, compared to the consensus estimate of $73.60 million. Westport Fuel Systems had a negative return on equity of 30.62% and a negative net margin of 6.36%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) earnings per share.

Several research analysts have issued reports on WPRT shares. Zacks Investment Research upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research report on Friday, August 16th. Cowen set a $4.00 price target on Westport Fuel Systems and gave the company a “hold” rating in a research report on Friday, August 9th. BidaskClub lowered Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, ValuEngine raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Westport Fuel Systems currently has an average rating of “Buy” and a consensus target price of $4.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY raised its holdings in shares of Westport Fuel Systems by 0.4% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,168,700 shares of the auto parts company’s stock valued at $3,167,000 after buying an additional 4,500 shares during the period. Acadian Asset Management LLC purchased a new stake in Westport Fuel Systems during the 2nd quarter worth approximately $26,000. Stonehearth Capital Management LLC purchased a new stake in Westport Fuel Systems during the 2nd quarter worth approximately $28,000. A.R.T. Advisors LLC purchased a new stake in Westport Fuel Systems during the 2nd quarter worth approximately $40,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Westport Fuel Systems by 15.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 632,885 shares of the auto parts company’s stock worth $1,719,000 after purchasing an additional 85,200 shares during the last quarter. 20.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ WPRT traded up $0.05 during mid-day trading on Monday, hitting $3.02. 60,056 shares of the company were exchanged, compared to its average volume of 484,151. The company has a quick ratio of 1.04, a current ratio of 1.41 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $2.79 and a 200-day simple moving average of $2.32. Westport Fuel Systems has a 1-year low of $1.17 and a 1-year high of $3.46. The firm has a market cap of $413.48 million, a price-to-earnings ratio of -9.81 and a beta of 1.79.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation application worldwide. It operates through Transportation and Cummins Westport Inc (CWI) Joint Venture segments. The company offers fuel systems and components a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities.

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