Equities research analysts predict that Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) will post sales of $55.33 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Westport Fuel Systems’ earnings. The lowest sales estimate is $53.00 million and the highest is $58.00 million. Westport Fuel Systems posted sales of $80.40 million during the same quarter last year, which would indicate a negative year over year growth rate of 31.2%. The firm is expected to report its next quarterly earnings report on Monday, March 26th.
On average, analysts expect that Westport Fuel Systems will report full year sales of $55.33 million for the current fiscal year, with estimates ranging from $231.20 million to $237.90 million. For the next year, analysts forecast that the business will report sales of $252.53 million per share, with estimates ranging from $250.00 million to $256.20 million. Zacks’ sales averages are an average based on a survey of analysts that follow Westport Fuel Systems.
A number of equities analysts have issued reports on WPRT shares. BidaskClub upgraded Westport Fuel Systems from a “strong sell” rating to a “sell” rating in a report on Thursday, February 15th. Oppenheimer increased their price objective on shares of Westport Fuel Systems from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Craig Hallum set a $5.00 price objective on shares of Westport Fuel Systems and gave the stock a “buy” rating in a research note on Friday, December 22nd. Lake Street Capital restated a “buy” rating and set a $5.00 price objective on shares of Westport Fuel Systems in a research note on Wednesday, November 15th. Finally, Zacks Investment Research downgraded shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.58.
Westport Fuel Systems (NASDAQ WPRT) opened at $2.85 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.13. Westport Fuel Systems has a 1-year low of $0.82 and a 1-year high of $4.33.
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Westport Fuel Systems Company Profile
Westport Fuel Systems Inc, 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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