Brokerages Expect TPI Composites Inc (TPIC) to Announce $0.07 Earnings Per Share

Equities analysts predict that TPI Composites Inc (NASDAQ:TPIC) will post earnings per share of $0.07 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for TPI Composites’ earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.19. TPI Composites reported earnings per share of $0.24 in the same quarter last year, which indicates a negative year-over-year growth rate of 70.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that TPI Composites will report full-year earnings of $1.32 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.38. For the next fiscal year, analysts forecast that the business will post earnings of $2.12 per share, with EPS estimates ranging from $1.62 to $2.33. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow TPI Composites.

TPI Composites (NASDAQ:TPIC) last released its earnings results on Thursday, February 28th. The industrial products company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.10). The business had revenue of $290.06 million during the quarter, compared to analyst estimates of $303.50 million. TPI Composites had a net margin of 0.51% and a return on equity of 0.98%.

Several research firms recently commented on TPIC. JPMorgan Chase & Co. lowered TPI Composites from an “overweight” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Tuesday, February 19th. Zacks Investment Research upgraded TPI Composites from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 14th. BidaskClub upgraded TPI Composites from a “hold” rating to a “buy” rating in a research note on Saturday, March 16th. TheStreet lowered TPI Composites from a “b-” rating to a “c” rating in a research note on Wednesday, January 23rd. Finally, ValuEngine upgraded TPI Composites from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. TPI Composites currently has a consensus rating of “Buy” and a consensus target price of $36.94.

In other TPI Composites news, Director Michael Lawrence Derosa sold 33,882 shares of the company’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $28.91, for a total transaction of $979,528.62. Following the completion of the sale, the director now directly owns 6,620 shares in the company, valued at $191,384.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel G. Weiss sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $31.01, for a total value of $310,100.00. Following the sale, the director now owns 6,620 shares of the company’s stock, valued at $205,286.20. The disclosure for this sale can be found here. Insiders have sold 585,317 shares of company stock valued at $17,670,224 over the last 90 days. 58.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of TPI Composites in the fourth quarter worth about $60,000. Great West Life Assurance Co. Can purchased a new stake in shares of TPI Composites in the fourth quarter worth about $64,000. Legal & General Group Plc boosted its position in shares of TPI Composites by 28.6% in the fourth quarter. Legal & General Group Plc now owns 2,775 shares of the industrial products company’s stock worth $68,000 after buying an additional 617 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in shares of TPI Composites in the fourth quarter worth about $78,000. Finally, Pearl River Capital LLC purchased a new stake in shares of TPI Composites in the fourth quarter worth about $113,000. 69.77% of the stock is owned by institutional investors.

TPI Composites stock opened at $29.10 on Tuesday. The firm has a market capitalization of $1.02 billion, a P/E ratio of 363.75 and a beta of 0.86. TPI Composites has a 52 week low of $21.65 and a 52 week high of $32.74. The company has a quick ratio of 1.51, a current ratio of 1.53 and a debt-to-equity ratio of 0.50.

TPI Composites Company Profile

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, and Africa.

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