TPI Composites (NASDAQ:TPIC) Director Philip J. Deutch sold 119,757 shares of the business’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $22.21, for a total transaction of $2,659,802.97. Following the completion of the sale, the director now directly owns 2,880 shares of the company’s stock, valued at approximately $63,964.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of TPIC traded up $0.07 during midday trading on Wednesday, hitting $22.15. The company had a trading volume of 110,720 shares, compared to its average volume of 195,780. The company has a market capitalization of $749.79, a P/E ratio of 17.72 and a beta of -0.94. TPI Composites has a 52 week low of $15.26 and a 52 week high of $26.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.93 and a current ratio of 1.34.
TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). TPI Composites had a net margin of 4.70% and a return on equity of 31.56%. The business had revenue of $247.10 million during the quarter, compared to analyst estimates of $249.00 million. During the same period last year, the firm posted ($0.07) earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. sell-side analysts expect that TPI Composites will post 0.39 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of TPI Composites from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. UBS assumed coverage on shares of TPI Composites in a research report on Thursday, March 15th. They issued a “neutral” rating and a $23.00 target price for the company. ValuEngine downgraded shares of TPI Composites from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Canaccord Genuity reissued a “buy” rating and issued a $26.00 target price on shares of TPI Composites in a research report on Tuesday, March 6th. Finally, BidaskClub raised shares of TPI Composites from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.89.
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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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