Vestas Wind Systems AS (OTCMKTS:VWDRY) Reaches New 52-Week High After Strong Earnings

Vestas Wind Systems AS (OTCMKTS:VWDRY) shares reached a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $7.55 and last traded at $7.55, with a volume of 51649 shares traded. The stock had previously closed at $6.64.

The energy company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. Vestas Wind Systems AS had a return on equity of 23.25% and a net margin of 4.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 15th. Fearnley Fonds downgraded Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, Kepler Capital Markets downgraded Vestas Wind Systems AS from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Vestas Wind Systems AS Stock Up 13.7%

The company has a debt-to-equity ratio of 0.84, a current ratio of 0.96 and a quick ratio of 0.56. The stock has a market capitalization of $22.88 billion, a P/E ratio of 27.96, a PEG ratio of 0.64 and a beta of 1.24. The stock has a 50 day moving average price of $6.47 and a 200-day moving average price of $5.86.

Vestas Wind Systems AS Company Profile

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.