Vestas Wind Systems AS (VWDRY) Projected to Release Earnings on Wednesday

Vestas Wind Systems AS (OTCMKTS:VWDRY) is expected to announce its results before the market opens on Wednesday, November 11th. Analysts expect Vestas Wind Systems AS to post earnings of $0.1472 per share and revenue of $6.81 billion for the quarter.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its quarterly earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Vestas Wind Systems AS had a return on equity of 29.07% and a net margin of 5.42%. The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.19 billion. On average, analysts expect Vestas Wind Systems AS to post $0.52 EPS for the current fiscal year and $0.63 EPS for the next fiscal year.

Vestas Wind Systems AS Trading Up 4.1%

Shares of VWDRY traded up $0.40 during midday trading on Wednesday, reaching $10.14. The company had a trading volume of 46,360 shares, compared to its average volume of 236,218. Vestas Wind Systems AS has a 1-year low of $7.44 and a 1-year high of $11.36. The stock has a market cap of $30.28 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 0.71 and a beta of 1.03. The firm has a 50 day simple moving average of $10.07 and a 200-day simple moving average of $9.46. The company has a quick ratio of 0.66, a current ratio of 1.03 and a debt-to-equity ratio of 0.81.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VWDRY shares. Citigroup restated a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Berenberg Bank raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Four research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Vestas Wind Systems AS presently has a consensus rating of “Buy”.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S is a Denmark-based renewable energy company that designs, manufactures, installs and services wind turbines. Its products and solutions are used in onshore and offshore wind energy projects, supported by digital monitoring, maintenance and lifecycle services intended to improve turbine performance and reliability.

The company serves utilities, independent power producers, commercial customers and other energy developers across major wind markets worldwide. Its activities cover the wind project lifecycle, including turbine supply, installation, commissioning, service agreements, spare parts and other operational support.

Vestas traces its origins to 1945, when it was established in Denmark as a manufacturer of household appliances and later agricultural machinery.