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

Vestas Wind Systems AS (OTCMKTS:VWDRY) announced its quarterly earnings results on Wednesday. The energy company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02), Zacks reports. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.07%.

Vestas Wind Systems AS Stock Down 4.6%

Shares of Vestas Wind Systems AS stock traded down $0.46 during trading on Wednesday, reaching $9.41. The company had a trading volume of 143,047 shares, compared to its average volume of 238,312. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.03. Vestas Wind Systems AS has a fifty-two week low of $7.51 and a fifty-two week high of $11.36. The firm’s fifty day moving average is $10.00 and its 200-day moving average is $9.48. The company has a market cap of $28.12 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 0.78 and a beta of 1.03.

Analysts Set New Price Targets

Several research firms recently weighed in on VWDRY. Citigroup restated a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Berenberg Bank raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vestas Wind Systems AS currently has a consensus rating of “Buy”.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S is a Denmark-based company that designs, manufactures, installs and services wind turbines. Its products and solutions support both onshore and offshore wind energy projects. Founded in 1945, Vestas initially operated in other manufacturing businesses before focusing on wind energy. The company serves customers in markets around the world and provides services intended to support turbine performance throughout a project’s operating life.