Fuel Systems (FSYS) Beats Q4 Revenue Expectations

Fuel Systems Solutions, Inc. (FSYS) reported fourth quarter EPS of ($0.20) before the opening bell Wednesday, compared to the consensus estimate of ($0.20). Revenues declined 7.8% from the corresponding period in FY/13 to $85.36 million. Analysts expected revenues of $74.92 million.

For the year, the alternative fuel components supplier reported a $53.4 million loss, or $2.66 per share. Revenue was reported as $339.1 million.

For full-year 2015, the company provided revenue guidance of $300-$310 million, compared to the consensus revenue estimate of $342.72 million. It also announced that it has begun a plan of operational restructuring planned to be completed by year-end 2017. The elements of this plan include: cost optimization, organizational optimization – additional right-sizing of the company’s workforce, and manufacturing footprint optimization.

On valuation measures, Fuel Systems Solutions Inc. shares, which currently have an average 3-month trading volume of 81,725.00 shares, trade at P/E to growth ratio of (1.03). The median Wall Street price target on the name is $11.50 with a high target of $12.00. Currently ticker has no ‘Buy’ endorsements, compared to 3 ’Holds’ and no ‘Sell’.

Profitability-wise, FSYS has a t-12 profit and operating margin of (15.23%) and (1.71%), respectively. The $199.24 million market cap company reported $85.18 million in cash in its most recent quarter.

FSYS currently prints a one year loss of about 21.60% and a year-to-date loss of around 9.40%.

The chart below shows where the equity has traded over the last 52 weeks.

Fuel Systems Solutions Inc. manufactures and supplies alternative fuel components and systems for use in transportation and industrial applications. The company was founded in 1958 and is based in New York, New York.

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