Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) - Equities research analysts at Craig Hallum increased their Q3 2017 earnings estimates for Westport Fuel Systems in a note issued to investors on Tuesday. Craig Hallum analyst E. Stine now anticipates that the auto parts company will post earnings per share of ($0.11) for the quarter, up from their previous forecast of ($0.14). Craig Hallum also issued estimates for Westport Fuel Systems’ Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.43) EPS and FY2018 earnings at ($0.16) EPS.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last issued its earnings results on Thursday, May 11th. 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. Westport Fuel Systems had a negative return on equity of 81.28% and a negative net margin of 32.70%. The business had revenue of $60 million during the quarter, compared to analysts’ expectations of $77.71 million. The company’s revenue was up 150.0% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This news story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/07/31/craig-hallum-comments-on-westport-fuel-systems-incs-q3-2017-earnings-nasdaqwprt-updated.html.
Several other research analysts have also weighed in on the company. Zacks Investment Research lowered Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Monday. Cowen and Company reaffirmed a “hold” rating and issued a $1.50 target price on shares of Westport Fuel Systems in a research report on Friday, July 14th. ValuEngine raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 target price on shares of Westport Fuel Systems in a research report on Tuesday, March 28th. Finally, S&P Equity Research dropped their target price on Westport Fuel Systems from $1.00 to $0.88 in a research report on Friday, March 24th.
Shares of Westport Fuel Systems (NASDAQ:WPRT) opened at 1.65 on Thursday. Westport Fuel Systems has a one year low of $0.82 and a one year high of $2.65. The stock’s market cap is $182.03 million. The stock’s 50 day moving average price is $1.96 and its 200-day moving average price is $1.38.
Several hedge funds and other institutional investors have recently modified their holdings of WPRT. KCG Holdings Inc. raised its position in shares of 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 worth $122,000 after buying an additional 96,365 shares in the last quarter. Royce & Associates LP raised its position in shares of Westport Fuel Systems by 1.0% in the first quarter. Royce & Associates LP now owns 5,391,983 shares of the auto parts company’s stock worth $5,176,000 after buying an additional 52,500 shares in the last quarter. US Bancorp DE raised its position in shares of 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 worth $240,000 after buying an additional 96,401 shares in the last quarter. Grace & White Inc. NY raised its position in shares of Westport Fuel Systems by 14.0% in the first quarter. Grace & White Inc. NY now owns 2,091,080 shares of the auto parts company’s stock worth $2,007,000 after buying an additional 256,129 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of 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 worth $103,000 after buying an additional 89,931 shares in the last quarter. 11.38% of the stock is currently owned by institutional investors and hedge funds.
Westport Fuel Systems Company Profile
Westport Fuel Systems Inc (Westport), 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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