Research Analysts Offer Predictions for WPRT FY2029 Earnings

Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) – Stock analysts at HC Wainwright issued their FY2029 EPS estimates for Westport Fuel Systems in a research note issued on Wednesday, April 9th. HC Wainwright analyst A. Dayal forecasts that the auto parts company will earn ($0.39) per share for the year. HC Wainwright has a “Buy” rating and a $7.00 price objective on the stock. The consensus estimate for Westport Fuel Systems’ current full-year earnings is ($1.69) per share.

Other equities research analysts also recently issued reports about the company. Cormark decreased their price objective on Westport Fuel Systems from $11.50 to $10.80 in a report on Tuesday, April 1st. Royal Bank of Canada cut their price target on Westport Fuel Systems from $8.00 to $4.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 1st.

Westport Fuel Systems Stock Down 4.1 %

WPRT traded down $0.12 on Thursday, reaching $2.79. The company’s stock had a trading volume of 7,308 shares, compared to its average volume of 48,211. The stock has a 50 day moving average of $3.91 and a two-hundred day moving average of $4.08. The company has a quick ratio of 1.00, a current ratio of 1.60 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $48.22 million, a price-to-earnings ratio of -1.87 and a beta of 2.80. Westport Fuel Systems has a fifty-two week low of $2.50 and a fifty-two week high of $6.60.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its quarterly earnings results on Monday, March 31st. The auto parts company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.35). The business had revenue of $75.10 million during the quarter, compared to analyst estimates of $70.68 million. Westport Fuel Systems had a negative net margin of 8.01% and a negative return on equity of 25.57%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Grace & White Inc. NY raised its position in Westport Fuel Systems by 40.3% in the fourth quarter. Grace & White Inc. NY now owns 1,043,980 shares of the auto parts company’s stock worth $3,737,000 after acquiring an additional 299,798 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Westport Fuel Systems in the fourth quarter valued at $149,000. Parallel Advisors LLC purchased a new position in shares of Westport Fuel Systems in the first quarter valued at $40,000. Baird Financial Group Inc. increased its position in shares of Westport Fuel Systems by 34.6% in the fourth quarter. Baird Financial Group Inc. now owns 916,168 shares of the auto parts company’s stock valued at $3,280,000 after buying an additional 235,610 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in shares of Westport Fuel Systems by 2,384.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 16,374 shares of the auto parts company’s stock valued at $57,000 after buying an additional 15,715 shares in the last quarter. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.