Waterfurnace Renewable (WFI) Releases Quarterly Earnings Results
Waterfurnace Renewable (TSE:WFI) announced its earnings results on Wednesday. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.05, Stock Ratings Network reports.
Shares of Waterfurnace Renewable (TSE:WFI) opened at 30.48 on Wednesday. Waterfurnace Renewable has a 52-week low of $20.01 and a 52-week high of $30.60. The stock’s 50-day moving average is $30.43 and its 200-day moving average is $24.77. The company has a market cap of $376.8 million and a price-to-earnings ratio of 27.42.
On a related note, analysts at Canaccord Genuity downgraded shares of Waterfurnace Renewable from a “buy” rating to a “hold” rating in a research note on Tuesday, June 24th. They now have a C$30.60 price target on the stock, up previously from C$30.00.
WaterFurnace Renewable Energy, Inc specializes in the design, manufacture and distribution of geothermal and water-source systems.
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