Vestas Wind Systems A/S (OTCMKTS:VWDRY) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Vestas Wind Systems A/S (OTCMKTS:VWDRY) posted its quarterly earnings data on Wednesday. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04, Zacks reports. Vestas Wind Systems A/S had a return on equity of 1.72% and a net margin of 0.32%.

Vestas Wind Systems A/S Trading Up 3.4 %

Shares of Vestas Wind Systems A/S stock traded up $0.15 during trading on Wednesday, reaching $4.60. 515,185 shares of the company were exchanged, compared to its average volume of 565,463. The business has a 50-day moving average price of $4.56 and a 200-day moving average price of $6.06. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 460.00 and a beta of 1.21. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 1.08. Vestas Wind Systems A/S has a twelve month low of $4.19 and a twelve month high of $9.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Berenberg Bank downgraded Vestas Wind Systems A/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 14th. Fearnley Fonds raised Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th.

About Vestas Wind Systems A/S

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.