Vestas Wind Systems AS (OTCMKTS:VWDRY) Posts Quarterly Earnings Results

Vestas Wind Systems AS (OTCMKTS:VWDRY) announced its quarterly earnings data on Wednesday. The energy company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02), Zacks reports. Vestas Wind Systems AS had a return on equity of 29.07% and a net margin of 5.42%.

Vestas Wind Systems AS Trading Down 4.7%

Shares of OTCMKTS VWDRY traded down $0.46 during trading hours on Wednesday, hitting $9.41. The company’s stock had a trading volume of 153,379 shares, compared to its average volume of 238,360. Vestas Wind Systems AS has a 12 month low of $7.51 and a 12 month high of $11.36. The stock has a market cap of $28.09 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 0.78 and a beta of 1.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.03. The business has a 50-day simple moving average of $10.00 and a 200-day simple moving average of $9.48.

Wall Street Analysts Forecast Growth

VWDRY has been the topic of a number of recent research reports. Berenberg Bank raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Citigroup restated a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Four analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based company that designs, manufactures, installs and services wind turbines. Its products and solutions support both onshore and offshore wind energy projects. Founded in 1945, Vestas initially operated in other manufacturing businesses before focusing on wind energy. The company serves customers in markets around the world and provides services intended to support turbine performance throughout a project’s operating life.