Westport Fuel Systems (WPRT) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) issued its quarterly earnings results on Thursday. The auto parts company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.01), Fidelity Earnings reports. Westport Fuel Systems had a negative return on equity of 64.05% and a negative net margin of 14.85%. The firm had revenue of $64.20 million for the quarter, compared to analysts’ expectations of $54.04 million. During the same quarter in the previous year, the firm posted ($0.43) earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year.
Shares of Westport Fuel Systems (NASDAQ WPRT) opened at $2.97 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.62 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $390.90, a price-to-earnings ratio of -7.17 and a beta of 1.81. Westport Fuel Systems has a twelve month low of $0.87 and a twelve month high of $4.33.
A hedge fund recently raised its stake in Westport Fuel Systems stock. Northern Trust Corp raised its stake in Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,774 shares of the auto parts company’s stock after buying an additional 346 shares during the quarter. Northern Trust Corp owned approximately 0.06% of Westport Fuel Systems worth $161,000 at the end of the most recent quarter. 20.43% of the stock is currently owned by institutional investors.
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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.
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