$0.07 EPS Expected for TPI Composites Inc (NASDAQ:TPIC) This Quarter

Wall Street analysts expect that TPI Composites Inc (NASDAQ:TPIC) will post $0.07 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for TPI Composites’ earnings. The lowest EPS estimate is $0.01 and the highest is $0.12. TPI Composites posted earnings per share of ($0.02) in the same quarter last year, which would indicate a positive year over year growth rate of 450%. The business is expected to issue its next earnings report on Wednesday, November 6th.

On average, analysts expect that TPI Composites will report full year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.17) to $0.06. For the next fiscal year, analysts forecast that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.32 to $1.99. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for TPI Composites.

TPI Composites (NASDAQ:TPIC) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.33. TPI Composites had a negative net margin of 0.82% and a negative return on equity of 5.59%. The business had revenue of $330.77 million for the quarter, compared to the consensus estimate of $330.90 million. During the same period in the prior year, the company posted ($0.12) earnings per share. TPI Composites’s revenue was up 43.4% compared to the same quarter last year.

Several equities research analysts recently weighed in on the stock. Roth Capital cut their price objective on shares of TPI Composites from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Craig Hallum cut their price objective on shares of TPI Composites from $37.00 to $31.00 and set an “in-line” rating for the company in a research report on Thursday, August 8th. Canaccord Genuity cut their price objective on shares of TPI Composites from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, August 9th. ValuEngine raised shares of TPI Composites from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Raymond James raised shares of TPI Composites from an “outperform” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.50.

TPIC traded up $0.41 on Monday, hitting $19.73. 641,436 shares of the stock were exchanged, compared to its average volume of 480,244. TPI Composites has a 12 month low of $16.80 and a 12 month high of $32.74. The business has a 50-day moving average of $19.05 and a two-hundred day moving average of $24.49. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 1.11.

In other news, President William E. Siwek acquired 2,823 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average price of $17.73 per share, with a total value of $50,051.79. Following the completion of the transaction, the president now directly owns 67,676 shares of the company’s stock, valued at approximately $1,199,895.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 20.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its holdings in shares of TPI Composites by 4,759.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,110 shares of the industrial products company’s stock worth $89,000 after acquiring an additional 3,046 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of TPI Composites by 28.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 755,252 shares of the industrial products company’s stock worth $18,564,000 after acquiring an additional 169,528 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of TPI Composites by 62.1% in the second quarter. Schroder Investment Management Group now owns 328,301 shares of the industrial products company’s stock worth $8,116,000 after acquiring an additional 125,833 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of TPI Composites in the second quarter worth about $4,128,000. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of TPI Composites by 9.9% in the second quarter. Rice Hall James & Associates LLC now owns 100,803 shares of the industrial products company’s stock worth $2,492,000 after acquiring an additional 9,095 shares during the last quarter. 86.88% of the stock is owned by hedge funds and other institutional investors.

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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