Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Down After Earnings Miss

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s stock price gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $10.40, but opened at $9.33. Vestas Wind Systems AS shares last traded at $9.3550, with a volume of 20,764 shares traded.

The energy company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.07%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VWDRY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Citigroup reissued a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Finally, Berenberg Bank upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Four research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Vestas Wind Systems AS Price Performance

The stock has a market cap of $28.13 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 0.78 and a beta of 1.03. The business has a 50-day simple moving average of $10.00 and a 200 day simple moving average of $9.48. The company has a current ratio of 1.03, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81.

About Vestas Wind Systems AS

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.