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FY2022 Earnings Estimate for Weichai Power Co., Ltd. Issued By Jefferies Financial Group (OTCMKTS:WEICY)

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Weichai Power Co., Ltd. (OTCMKTS:WEICY – Get Rating) – Stock analysts at Jefferies Financial Group cut their FY2022 earnings per share estimates for Weichai Power in a report released on Friday, September 9th. Jefferies Financial Group analyst X. Lei now forecasts that the company will earn $1.10 per share for the year, down from their previous estimate of $1.15. The consensus estimate for Weichai Power's current full-year earnings is $0.98 per share. Jefferies Financial Group also issued estimates for Weichai Power's FY2023 earnings at $1.32 EPS and FY2024 earnings at $1.49 EPS.

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Separately, JPMorgan Chase & Co. raised Weichai Power from an "underweight" rating to an "overweight" rating in a report on Tuesday, May 31st.

Weichai Power Stock Up 1.1 %

OTCMKTS:WEICY opened at $10.34 on Monday. The stock has a 50 day moving average of $11.30 and a 200-day moving average of $11.71. Weichai Power has a 52 week low of $9.79 and a 52 week high of $20.29. The company has a quick ratio of 1.12, a current ratio of 1.39 and a debt-to-equity ratio of 0.18.

Weichai Power Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 12th. Investors of record on Thursday, July 28th will be issued a $0.174 dividend. This represents a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, July 27th.

Weichai Power Company Profile

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Weichai Power Co, Ltd. manufactures and sells diesel engines, automobiles, and other automobile components in China and internationally. It operates through Engines, Automobiles and Automobile Components, and Intelligent Logistics segments. The company provides design, development, production, sale, repair, and import and export of engines and auxiliary products, automobile axles and components, and gearboxes and components; hydraulic pumps and motors; hydraulic valves; gears and gear transmission devices; ancillary casting and casting products of hydraulic components; internal combustion engines, energy powertrain systems and ancillary products; technical consultation and technical services; leasing of self-owned houses; steel; business management services; forklift trucks; and warehousing technology and supply chain solution services.

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