Brokerages Anticipate TPI Composites Inc (TPIC) to Announce $0.19 Earnings Per Share

Equities research analysts forecast that TPI Composites Inc (NASDAQ:TPIC) will report earnings of $0.19 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for TPI Composites’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.26. TPI Composites reported earnings per share of $0.02 during the same quarter last year, which would indicate a positive year-over-year growth rate of 850%. The firm is expected to issue its next quarterly 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 financial year, with EPS estimates ranging from $1.25 to $1.36. For the next financial year, analysts forecast that the firm will report earnings of $0.44 per share, with EPS estimates ranging from $0.34 to $0.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow TPI Composites.

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

Several analysts recently weighed in on TPIC shares. Canaccord Genuity lifted their price objective on shares of TPI Composites from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, November 6th. JMP Securities started coverage on shares of TPI Composites in a research report on Thursday, November 16th. They issued an “outperform” rating and a $33.00 price objective on the stock. Zacks Investment Research downgraded shares of TPI Composites from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. ValuEngine upgraded shares of TPI Composites from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, J P Morgan Chase & Co downgraded shares of TPI Composites from an “overweight” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research report on Friday, August 11th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $27.00.

Shares of TPI Composites (NASDAQ TPIC) traded down $1.28 during trading hours on Friday, reaching $17.65. 908,100 shares of the company traded hands, compared to its average volume of 181,328. The company has a market cap of $643.81, a P/E ratio of 17.05 and a beta of -1.39. TPI Composites has a 12-month low of $14.13 and a 12-month 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.

Several hedge funds have recently added to or reduced their stakes in TPIC. GSA Capital Partners LLP grew its stake in shares of TPI Composites by 78.2% in the 3rd quarter. GSA Capital Partners LLP now owns 25,625 shares of the industrial products company’s stock worth $572,000 after purchasing an additional 11,245 shares during the last quarter. Sterling Capital Management LLC acquired a new position in shares of TPI Composites in the 3rd quarter worth approximately $807,000. Cornerstone Capital Management Holdings LLC. grew its stake in shares of TPI Composites by 187.8% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 127,200 shares of the industrial products company’s stock worth $2,841,000 after purchasing an additional 83,000 shares during the last quarter. OxFORD Asset Management LLP grew its stake in shares of TPI Composites by 125.9% in the 3rd quarter. OxFORD Asset Management LLP now owns 132,018 shares of the industrial products company’s stock worth $2,946,000 after purchasing an additional 73,573 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of TPI Composites in the 3rd quarter worth approximately $945,000. Institutional investors own 35.16% of the company’s stock.

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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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Earnings History and Estimates for TPI Composites (NASDAQ:TPIC)

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