Vestas Wind Systems AS (OTCMKTS:VWDRY) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Vestas Wind Systems AS (OTCMKTS:VWDRY) announced its quarterly earnings data on Wednesday. The energy company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02), Zacks reports. Vestas Wind Systems AS had a return on equity of 28.67% and a net margin of 5.42%. The business had revenue of $6.30 billion during the quarter, compared to analyst estimates of $6.80 billion.

Vestas Wind Systems AS Trading Down 1.3%

Shares of Vestas Wind Systems AS stock traded down $0.13 during trading on Friday, hitting $9.61. The stock had a trading volume of 25,159 shares, compared to its average volume of 239,422. Vestas Wind Systems AS has a 1 year low of $7.51 and a 1 year high of $11.36. The stock has a 50 day simple moving average of $9.95 and a 200 day simple moving average of $9.48. The company has a quick ratio of 0.66, a current ratio of 1.03 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $28.70 billion, a PE ratio of 21.84, a P/E/G ratio of 0.71 and a beta of 1.03.

Wall Street Analyst Weigh In

VWDRY has been the subject of several recent research reports. Berenberg Bank raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Citigroup restated a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Finally, Deutsche Bank restated a “hold” rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Four analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Vestas Wind Systems AS Company Profile

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.