Vestas Wind Systems AS (OTCMKTS:VWDRY) Issues Earnings Results, Beats Estimates By $0.02 EPS

Vestas Wind Systems AS (OTCMKTS:VWDRY) released its quarterly earnings data on Wednesday. The energy company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02, Zacks reports. Vestas Wind Systems AS had a return on equity of 23.30% and a net margin of 4.22%.

Vestas Wind Systems AS Trading Up 0.3%

OTCMKTS VWDRY traded up $0.03 during trading on Wednesday, hitting $10.13. The stock had a trading volume of 116,472 shares, compared to its average volume of 309,547. The company has a market capitalization of $30.69 billion, a PE ratio of 33.77, a PEG ratio of 1.55 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average price of $9.12 and a 200 day moving average price of $8.69. Vestas Wind Systems AS has a twelve month low of $4.52 and a twelve month high of $10.58.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Rothschild & Co Redburn raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Kepler Capital Markets downgraded Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long?term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.