Vestas Wind Systems AS (OTCMKTS:VWDRY) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Vestas Wind Systems AS (OTCMKTS:VWDRY) released its quarterly earnings data on Wednesday. The energy company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02, Zacks reports. Vestas Wind Systems AS had a net margin of 4.22% and a return on equity of 23.30%.

Vestas Wind Systems AS Price Performance

OTCMKTS:VWDRY traded up $0.03 during trading hours on Wednesday, hitting $10.13. The stock had a trading volume of 116,472 shares, compared to its average volume of 309,547. The company has a 50 day simple moving average of $9.12 and a two-hundred day simple moving average of $8.69. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.00 and a quick ratio of 0.66. Vestas Wind Systems AS has a one year low of $4.52 and a one year high of $10.58. The firm has a market capitalization of $30.69 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 1.55 and a beta of 1.01.

Wall Street Analyst Weigh In

Several research firms recently commented on VWDRY. Kepler Capital Markets downgraded shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Rothschild & Co Redburn raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Vestas Wind Systems AS has an average rating of “Moderate Buy”.

About Vestas Wind Systems AS

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.