Research Analysts Issue Forecasts for Westport Fuel Systems Inc’s Q1 2018 Earnings (WPRT)
Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) – Equities research analysts at Lake Street Capital issued their Q1 2018 EPS estimates for shares of Westport Fuel Systems in a report issued on Thursday. Lake Street Capital analyst R. Brown forecasts that the auto parts company will post earnings per share of ($0.08) for the quarter. Lake Street Capital currently has a “Hold” rating and a $5.00 target price on the stock. Lake Street Capital also issued estimates for Westport Fuel Systems’ Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.03) EPS and FY2021 earnings at $0.19 EPS.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last issued its quarterly earnings results on Monday, August 14th. The auto parts company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.03. The firm had revenue of $62.10 million for the quarter, compared to the consensus estimate of $58.44 million. Westport Fuel Systems had a negative net margin of 20.37% and a negative return on equity of 65.98%. The company’s revenue for the quarter was up 66.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 EPS. TRADEMARK VIOLATION WARNING: “Research Analysts Issue Forecasts for Westport Fuel Systems Inc’s Q1 2018 Earnings (WPRT)” was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/research-analysts-issue-forecasts-for-westport-fuel-systems-incs-q1-2018-earnings-wprt/1616519.html.
Several other brokerages have also recently issued reports on WPRT. Zacks Investment Research cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Oppenheimer Holdings, Inc. initiated coverage on shares of Westport Fuel Systems in a report on Wednesday, August 16th. They issued an “outperform” rating and a $3.00 target price on the stock. ValuEngine upgraded shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, HC Wainwright set a $5.00 target price on shares of Westport Fuel Systems and gave the stock a “buy” rating in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.02.
Westport Fuel Systems (NASDAQ:WPRT) opened at 3.58 on Friday. The stock has a 50 day moving average of $2.80 and a 200-day moving average of $1.90. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $3.75. The firm’s market cap is $466.84 million.
A number of large investors have recently added to or reduced their stakes in WPRT. Paradigm Capital Management Inc. NY bought a new stake in Westport Fuel Systems in the second quarter valued at $1,176,000. US Bancorp DE boosted its holdings in Westport Fuel Systems by 62.7% in the first quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock valued at $240,000 after acquiring an additional 96,401 shares in the last quarter. KCG Holdings Inc. boosted its holdings in Westport Fuel Systems by 313.2% in the first quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 96,365 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Westport Fuel Systems by 496.2% in the first quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock valued at $103,000 after acquiring an additional 89,931 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in Westport Fuel Systems by 1.4% in the second quarter. Royce & Associates LP now owns 5,464,983 shares of the auto parts company’s stock valued at $12,843,000 after acquiring an additional 73,000 shares in the last quarter. Institutional investors and hedge funds own 9.35% of the company’s stock.
About Westport Fuel Systems
Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.
Receive News & Ratings for Westport Fuel Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westport Fuel Systems Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.