Wartsila (OTCMKTS:WRTBY – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, Zacks reports. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.73 billion. Wartsila had a return on equity of 24.45% and a net margin of 9.40%.
Wartsila Stock Down 2.9%
Shares of OTCMKTS WRTBY opened at $6.78 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $20.06 billion, a PE ratio of 27.12 and a beta of 1.24. The firm’s 50-day moving average is $7.64 and its 200-day moving average is $7.92. Wartsila has a 1 year low of $5.30 and a 1 year high of $9.49.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on WRTBY. Citigroup restated a “sell” rating on shares of Wartsila in a report on Wednesday, July 1st. Oddo Bhf started coverage on Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating for the company. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Finally, UBS Group lowered shares of Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.
About Wartsila
Wärtsilä (OTCMKTS: WRTBY) is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company’s Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.
With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.
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