Vestas Wind Systems AS (OTCMKTS:VWDRY) Announces Quarterly Earnings Results

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

Vestas Wind Systems AS Price Performance

VWDRY stock traded down $0.46 during midday trading on Wednesday, hitting $9.41. 143,047 shares of the stock were exchanged, compared to its average volume of 238,312. The stock’s 50-day moving average price is $10.00 and its 200-day moving average price is $9.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.03. The stock has a market cap of $28.12 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 0.78 and a beta 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.

Analysts Set New Price Targets

A number of brokerages have weighed in on VWDRY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Berenberg Bank raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Finally, Citigroup restated a “buy” rating on shares of Vestas Wind Systems AS in a research note on Thursday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Vestas Wind Systems AS has an average rating of “Buy”.

About Vestas Wind Systems AS

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.