Wartsila (OTCMKTS:WRTBY – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, Zacks reports. Wartsila had a net margin of 9.40% and a return on equity of 24.45%.
Wartsila Stock Up 0.7%
Shares of OTCMKTS:WRTBY traded up $0.05 on Tuesday, hitting $6.83. 1,024 shares of the company’s stock were exchanged, compared to its average volume of 31,166. Wartsila has a 1-year low of $5.27 and a 1-year high of $9.49. The company has a market capitalization of $20.21 billion, a PE ratio of 27.32 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. The firm’s 50-day moving average is $7.67 and its 200 day moving average is $7.93.
Wall Street Analysts Forecast Growth
WRTBY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Oddo Bhf assumed coverage on Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating on the stock. UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Wartsila presently has a consensus rating of “Reduce”.
About Wartsila
Wärtsilä (OTCMKTS: WRTBY) is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company’s Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.
With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.
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