Zacks: Brokerages Anticipate TPI Composites, Inc. (TPIC) to Announce $0.20 Earnings Per Share

Wall Street analysts expect TPI Composites, Inc. (NASDAQ:TPIC) to report earnings per share of $0.20 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for TPI Composites’ earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.15. TPI Composites reported earnings of $0.02 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 900%. The business is expected to announce its next earnings results on Thursday, March 15th.

On average, analysts expect that TPI Composites will report full-year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.25 to $1.36. For the next financial year, analysts expect that the business will report earnings of $1.08 per share, with EPS estimates ranging from $0.72 to $1.82. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow TPI Composites.

TPI Composites (NASDAQ:TPIC) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.36. The company had revenue of $243.35 million for the quarter, compared to analysts’ expectations of $252.42 million. TPI Composites had a net margin of 4.09% and a return on equity of 30.80%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS.

A number of equities analysts recently commented on TPIC shares. J P Morgan Chase & Co cut shares of TPI Composites from an “overweight” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of TPI Composites from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, October 11th. Canaccord Genuity lifted their target price on shares of TPI Composites from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. 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. Finally, JMP Securities started coverage on shares of TPI Composites in a research report on Thursday. They issued an “outperform” rating and a $33.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $27.00.

Shares of TPI Composites (NASDAQ:TPIC) traded down $0.28 during trading hours on Friday, reaching $18.78. 488,306 shares of the company were exchanged, compared to its average volume of 175,158. The stock has a market cap of $648.23, a PE ratio of 17.17 and a beta of -0.01. TPI Composites has a one year low of $13.55 and a one year high of $26.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 1.32.

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Several hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP increased its position in shares of TPI Composites by 78.2% in the third quarter. GSA Capital Partners LLP now owns 25,625 shares of the industrial products company’s stock valued at $572,000 after acquiring an additional 11,245 shares during the period. Sterling Capital Management LLC purchased a new position in shares of TPI Composites in the third quarter valued at about $807,000. Cornerstone Capital Management Holdings LLC. increased its position in shares of TPI Composites by 187.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 127,200 shares of the industrial products company’s stock valued at $2,841,000 after acquiring an additional 83,000 shares during the period. OxFORD Asset Management LLP increased its position in shares of TPI Composites by 125.9% in the third quarter. OxFORD Asset Management LLP now owns 132,018 shares of the industrial products company’s stock valued at $2,946,000 after acquiring an additional 73,573 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in shares of TPI Composites in the third quarter valued at about $945,000. Hedge funds and other institutional investors own 35.03% of the company’s stock.

TPI Composites Company Profile

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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