Vestas Wind Systems AS (OTCMKTS:VWDRY) Releases Earnings Results, Beats Expectations By $0.05 EPS

Vestas Wind Systems AS (OTCMKTS:VWDRY) issued its quarterly earnings results on Wednesday. The energy company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05, Zacks reports. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.02%.

Vestas Wind Systems AS Stock Up 19.6%

OTCMKTS VWDRY traded up $1.77 during trading on Wednesday, hitting $10.84. 151,306 shares of the company traded hands, compared to its average volume of 255,117. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $32.36 billion, a P/E ratio of 32.83, a PEG ratio of 0.99 and a beta of 0.97. The business has a fifty day simple moving average of $8.93 and a 200 day simple moving average of $9.15. Vestas Wind Systems AS has a 12 month low of $5.78 and a 12 month high of $10.94.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus 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.