FY2029 Earnings Estimate for WPRT Issued By HC Wainwright

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

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

Several other research analysts also recently issued reports on WPRT. 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. Cormark decreased their price objective on Westport Fuel Systems from $11.50 to $10.80 in a research note on Tuesday, April 1st.

Westport Fuel Systems Stock Up 3.2 %

Shares of NASDAQ WPRT opened at $2.87 on Thursday. The stock has a market capitalization of $49.60 million, a price-to-earnings ratio of -1.93 and a beta of 2.80. Westport Fuel Systems has a 52 week low of $2.50 and a 52 week high of $6.60. The firm has a 50-day moving average price of $3.85 and a 200 day moving average price of $4.06. The company has a quick ratio of 1.00, a current ratio of 1.60 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Parallel Advisors LLC purchased a new position in Westport Fuel Systems in the first quarter valued at approximately $40,000. TD Waterhouse Canada Inc. grew its stake 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. Millennium Management LLC purchased a new position in Westport Fuel Systems in the 4th quarter worth approximately $149,000. Baird Financial Group Inc. grew its position in 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 acquiring an additional 235,610 shares in the last quarter. Finally, Grace & White Inc. NY raised its stake in shares of Westport Fuel Systems by 40.3% during the fourth quarter. Grace & White Inc. NY now owns 1,043,980 shares of the auto parts company’s stock valued at $3,737,000 after purchasing an additional 299,798 shares during the period. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

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.