TPI Composites Inc (NASDAQ:TPIC) – Research analysts at Roth Capital lowered their Q1 2017 EPS estimates for shares of TPI Composites in a report released on Sunday. Roth Capital analyst P. Shen now anticipates that the brokerage will post earnings of $0.01 per share for the quarter, down from their previous forecast of $0.06. Roth Capital currently has a “Buy” rating and a $23.00 target price on the stock. Roth Capital also issued estimates for TPI Composites’ Q3 2017 earnings at $0.23 EPS, Q4 2017 earnings at $0.27 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.43 EPS and FY2018 earnings at $1.43 EPS.

A number of other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of TPI Composites from a “hold” rating to a “sell” rating in a report on Thursday, January 5th. Canaccord Genuity restated a “buy” rating and set a $20.00 price target on shares of TPI Composites in a report on Monday, March 13th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $21.83.

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

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Shares of TPI Composites (NASDAQ:TPIC) opened at 16.99 on Tuesday. The stock has a market cap of $557.26 million and a price-to-earnings ratio of 8.73. TPI Composites has a one year low of $11.31 and a one year high of $23.30. The company has a 50 day moving average price of $18.31 and a 200-day moving average price of $17.53.

Several hedge funds have recently made changes to their positions in TPIC. General Electric Co. purchased a new stake in shares of TPI Composites during the third quarter worth about $60,438,000. FMR LLC increased its stake in TPI Composites by 42.7% in the fourth quarter. FMR LLC now owns 1,091,187 shares of the company’s stock valued at $17,503,000 after buying an additional 326,357 shares during the period. Lomas Capital Management LLC bought a new stake in TPI Composites during the third quarter valued at $4,698,000. Wasatch Advisors Inc. bought a new stake in TPI Composites during the third quarter valued at $4,313,000. Finally, GAM Holding AG bought a new stake in TPI Composites during the third quarter valued at $1,892,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.

5 Day Chart for NASDAQ:TPIC

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