Headlines about TPI Composites (NASDAQ:TPIC) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TPI Composites earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.2260039587666 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of TPI Composites (NASDAQ TPIC) traded down $0.50 during trading on Friday, hitting $23.23. 724,417 shares of the stock were exchanged, compared to its average volume of 133,801. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.33 and a quick ratio of 0.93. TPI Composites has a twelve month low of $13.27 and a twelve month high of $26.00. The firm has a market capitalization of $788.73, a PE ratio of 38.08 and a beta of -0.01.
TPI Composites (NASDAQ:TPIC) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.27. TPI Composites had a net margin of 2.18% and a return on equity of 18.24%. The business had revenue of $248.19 million during the quarter, compared to analysts’ expectations of $225.36 million. TPI Composites’s revenue was up 27.8% compared to the same quarter last year. equities research analysts anticipate that TPI Composites will post 0.95 EPS for the current year.
TPIC has been the subject of several recent research reports. Roth Capital boosted their target price on shares of TPI Composites from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Cowen and Company set a $26.00 target price on shares of TPI Composites and gave the stock a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of TPI Composites from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, J P Morgan Chase & Co downgraded shares of TPI Composites from an “overweight” rating to a “neutral” rating and set a $27.00 target price for the company. in a research report on Friday, August 11th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $25.00.
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In other news, Director Jack A. Henry acquired 3,400 shares of TPI Composites stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of $21.70 per share, for a total transaction of $73,780.00. Following the completion of the purchase, the director now owns 13,800 shares of the company’s stock, valued at $299,460. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 73.70% of the stock is currently owned by insiders.
About TPI Composites
TPI Composites, Inc manufactures composite wind blades. The Company operates through four segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities.
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