Wartsila (OTCMKTS:WRTBY) Announces Quarterly Earnings Results

Wartsila (OTCMKTS:WRTBY) issued its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share for the quarter, Zacks reports. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.70 billion.

Wartsila Trading Down 7.7%

Wartsila stock opened at $5.88 on Wednesday. Wartsila has a twelve month low of $5.80 and a twelve month high of $9.49. The firm’s 50 day moving average price is $6.57 and its two-hundred day moving average price is $7.49.

Analysts Set New Price Targets

WRTBY has been the subject of a number of recent analyst reports. Oddo Bhf began coverage on shares of Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating for the company. The Goldman Sachs Group raised shares of Wartsila from a “hold” rating to a “buy” rating in a research note on Tuesday, October 6th. Citigroup restated a “sell” rating on shares of Wartsila in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft raised Wartsila from a “hold” rating to a “buy” rating in a research report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.