$312.11 Million in Sales Expected for TPI Composites Inc (TPIC) This Quarter

Share on StockTwits

Equities analysts predict that TPI Composites Inc (NASDAQ:TPIC) will report $312.11 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for TPI Composites’ earnings, with estimates ranging from $303.40 million to $329.32 million. TPI Composites posted sales of $247.14 million during the same quarter last year, which suggests a positive year-over-year growth rate of 26.3%. The company is scheduled to announce its next earnings report after the market closes on Thursday, February 28th.

According to Zacks, analysts expect that TPI Composites will report full year sales of $1.03 billion for the current year, with estimates ranging from $1.02 billion to $1.04 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.53 billion, with estimates ranging from $1.51 billion to $1.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow TPI Composites.

TPIC has been the subject of a number of research analyst reports. ValuEngine raised shares of TPI Composites from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. Zacks Investment Research upgraded shares of TPI Composites from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 14th. UBS Group set a $30.00 target price on shares of TPI Composites and gave the stock a “buy” rating in a research report on Friday, November 9th. Cowen set a $33.00 target price on shares of TPI Composites and gave the stock a “buy” rating in a research report on Thursday, November 8th. Finally, JMP Securities set a $39.00 target price on shares of TPI Composites and gave the stock a “buy” rating in a research report on Thursday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.06.

Shares of NASDAQ:TPIC traded down $0.11 during mid-day trading on Friday, reaching $31.05. 4,399 shares of the company were exchanged, compared to its average volume of 232,399. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.52 and a current ratio of 1.55. The stock has a market capitalization of $1.07 billion, a P/E ratio of 24.87 and a beta of 0.92. TPI Composites has a 1 year low of $19.32 and a 1 year high of $32.74.

In other news, major shareholder Element Partners Ii Intrafund sold 99,978 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $27.16, for a total value of $2,715,402.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Lawrence Derosa sold 170,625 shares of the company’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $29.36, for a total transaction of $5,009,550.00. Following the completion of the transaction, the director now owns 6,620 shares of the company’s stock, valued at $194,363.20. The disclosure for this sale can be found here. In the last three months, insiders sold 957,501 shares of company stock valued at $27,364,890. Company insiders own 58.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Handelsbanken Fonder AB boosted its stake in shares of TPI Composites by 23.0% in the fourth quarter. Handelsbanken Fonder AB now owns 2,127,478 shares of the industrial products company’s stock valued at $52,293,000 after purchasing an additional 397,318 shares during the period. Trigran Investments Inc. boosted its stake in shares of TPI Composites by 60.7% in the fourth quarter. Trigran Investments Inc. now owns 1,892,818 shares of the industrial products company’s stock valued at $46,525,000 after purchasing an additional 714,798 shares during the period. BlackRock Inc. boosted its stake in shares of TPI Composites by 15.9% in the fourth quarter. BlackRock Inc. now owns 1,210,068 shares of the industrial products company’s stock valued at $29,743,000 after purchasing an additional 166,062 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in shares of TPI Composites by 3.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,021,924 shares of the industrial products company’s stock valued at $25,118,000 after purchasing an additional 32,366 shares during the period. Finally, Vanguard Group Inc boosted its stake in shares of TPI Composites by 5.8% in the third quarter. Vanguard Group Inc now owns 855,782 shares of the industrial products company’s stock valued at $24,433,000 after purchasing an additional 47,096 shares during the period. Institutional investors and hedge funds own 64.99% of the company’s stock.

About TPI Composites

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.

Featured Story: How Do Investors Open a Backdoor Roth IRA?

Get a free copy of the Zacks research report on TPI Composites (TPIC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TPI Composites Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPI Composites and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Jefferies Financial Group Comments on Lincoln Electric Holdings, Inc.’s Q1 2020 Earnings
Jefferies Financial Group Comments on Lincoln Electric Holdings, Inc.’s Q1 2020 Earnings
Two Sigma Advisers LP Sells 23,100 Shares of Acushnet Holdings Corp
Two Sigma Advisers LP Sells 23,100 Shares of Acushnet Holdings Corp
Rayonier Advanced Materials Inc  Stake Lowered by Two Sigma Advisers LP
Rayonier Advanced Materials Inc Stake Lowered by Two Sigma Advisers LP
Texas Instruments  Price Target Raised to $126.00 at Loop Capital
Texas Instruments Price Target Raised to $126.00 at Loop Capital
Integra Lifesciences  Lowered to “Hold” at Zacks Investment Research
Integra Lifesciences Lowered to “Hold” at Zacks Investment Research
Fmr LLC Grows Stake in Adams Resources & Energy Inc
Fmr LLC Grows Stake in Adams Resources & Energy Inc


© 2006-2019 Ticker Report