Equities analysts expect Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) to report ($0.13) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Westport Fuel Systems’ earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.15). Westport Fuel Systems reported earnings of ($0.24) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 45.8%. The firm is expected to issue its next earnings results on Monday, March 26th.

On average, analysts expect that Westport Fuel Systems will report full-year earnings of ($0.49) per share for the current year, with EPS estimates ranging from ($0.49) to ($0.48). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.23) per share, with EPS estimates ranging from ($0.37) to ($0.13). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Westport Fuel Systems.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its quarterly earnings results on Tuesday, November 14th. The auto parts company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative net margin of 14.85% and a negative return on equity of 64.05%. The company had revenue of $60.80 million during the quarter, compared to the consensus estimate of $51.91 million. During the same quarter in the prior year, the firm posted ($0.30) EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis.

A number of research firms recently issued reports on WPRT. ValuEngine upgraded shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. HC Wainwright set a $5.00 price objective on shares of Westport Fuel Systems and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Finally, Cowen set a $2.00 price objective on shares of Westport Fuel Systems and gave the stock a “hold” rating in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Westport Fuel Systems has an average rating of “Buy” and a consensus target price of $3.38.

A number of hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP increased its position in Westport Fuel Systems by 3.8% during the 3rd quarter. Royce & Associates LP now owns 5,670,983 shares of the auto parts company’s stock worth $18,544,000 after purchasing an additional 206,000 shares in the last quarter. Pembroke Management LTD acquired a new position in Westport Fuel Systems in the 3rd quarter valued at approximately $16,069,000. Hood River Capital Management LLC acquired a new position in Westport Fuel Systems in the 3rd quarter valued at approximately $7,936,000. Paradigm Capital Management Inc. NY acquired a new position in Westport Fuel Systems in the 2nd quarter valued at approximately $1,176,000. Finally, KCG Holdings Inc. increased its position in Westport Fuel Systems by 313.2% in the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 96,365 shares during the period. Institutional investors and hedge funds own 15.99% of the company’s stock.

Westport Fuel Systems (NASDAQ WPRT) opened at $2.72 on Friday. Westport Fuel Systems has a 12-month low of $0.82 and a 12-month high of $4.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.13.

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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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Earnings History and Estimates for Westport Fuel Systems (NASDAQ:WPRT)

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