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

Vestas Wind Systems AS (OTCMKTS:VWDRY) issued its quarterly earnings data on Thursday. The energy company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17, Zacks reports. The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $6.41 billion. Vestas Wind Systems AS had a return on equity of 27.61% and a net margin of 5.00%.

Vestas Wind Systems AS Stock Performance

OTCMKTS VWDRY traded down $0.79 during trading hours on Thursday, hitting $9.31. 78,098 shares of the stock were exchanged, compared to its average volume of 156,405. The company has a quick ratio of 0.60, a current ratio of 0.97 and a debt-to-equity ratio of 0.74. The company has a market cap of $28.21 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 0.62 and a beta of 1.16. Vestas Wind Systems AS has a 12-month low of $3.96 and a 12-month high of $10.44. The stock has a 50-day moving average of $9.15 and a 200 day moving average of $7.54.

Analyst Upgrades and Downgrades

Several analysts recently commented on VWDRY shares. Barclays reiterated an “underweight” rating on shares of Vestas Wind Systems AS in a research report on Wednesday, December 3rd. Berenberg Bank cut shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. DZ Bank raised Vestas Wind Systems AS to a “strong-buy” rating in a report on Sunday, December 21st. Finally, Kepler Capital Markets upgraded Vestas Wind Systems AS from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Vestas Wind Systems AS

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.