TPI Composites (NASDAQ:TPIC) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect TPI Composites to post earnings of ($0.28) per share for the quarter. TPI Composites has set its FY19 guidance at $(0.03-0.09) EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
TPI Composites (NASDAQ:TPIC) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported ($0.35) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.02. TPI Composites had a negative return on equity of 8.24% and a negative net margin of 1.44%. The firm had revenue of $299.78 million for the quarter, compared to analyst estimates of $300.16 million. On average, analysts expect TPI Composites to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of TPIC opened at $24.85 on Tuesday. TPI Composites has a 52-week low of $19.54 and a 52-week high of $32.74. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.31 and a current ratio of 1.33. The firm has a 50 day simple moving average of $25.23. The firm has a market capitalization of $862.68 million, a price-to-earnings ratio of 310.63 and a beta of 1.53.
Several brokerages have issued reports on TPIC. Zacks Investment Research lowered TPI Composites from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. BidaskClub lowered TPI Composites from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, ValuEngine lowered TPI Composites from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. TPI Composites currently has an average rating of “Buy” and a consensus target price of $35.50.
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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