Vestas Wind Systems AS (OTCMKTS:VWDRY) Posts Earnings Results, Beats Estimates By $0.02 EPS

Vestas Wind Systems AS (OTCMKTS:VWDRY) issued its quarterly earnings results on Wednesday. The energy company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02, Zacks reports. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.90%. The business had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.48 billion.

Vestas Wind Systems AS Stock Up 1.6%

Shares of VWDRY traded up $0.16 during mid-day trading on Friday, hitting $10.16. 107,221 shares of the company traded hands, compared to its average volume of 240,429. Vestas Wind Systems AS has a 1-year low of $4.74 and a 1-year high of $10.58. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $30.79 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01. The business has a 50 day moving average of $9.16 and a 200 day moving average of $8.72.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Rothschild & Co Redburn raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Kepler Capital Markets cut shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock 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.