Vestas Wind Systems AS (OTCMKTS:VWDRY) Issues Earnings Results

Vestas Wind Systems AS (OTCMKTS:VWDRY) released its earnings results on Wednesday. The energy company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05, Zacks reports. The firm had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $5.43 billion. Vestas Wind Systems AS had a net margin of 4.08% and a return on equity of 23.25%.

Vestas Wind Systems AS Price Performance

Vestas Wind Systems AS stock traded down $0.04 during midday trading on Thursday, reaching $7.66. 228,905 shares of the stock were exchanged, compared to its average volume of 329,653. The company’s fifty day moving average is $6.49 and its 200-day moving average is $5.87. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.56 and a current ratio of 0.96. The firm has a market cap of $23.21 billion, a PE ratio of 28.37, a PEG ratio of 0.64 and a beta of 1.28. Vestas Wind Systems AS has a 52 week low of $3.96 and a 52 week high of $7.73.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VWDRY. Kepler Capital Markets cut shares of Vestas Wind Systems AS from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Fearnley Fonds cut shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About Vestas Wind Systems AS

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.