Brokerages expect that TPI Composites Inc (NASDAQ:TPIC) will report earnings of ($0.02) per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for TPI Composites’ earnings, with estimates ranging from ($0.14) to $0.15. TPI Composites posted earnings of $0.58 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 103.4%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that TPI Composites will report full year earnings of $0.21 per share for the current year, with EPS estimates ranging from $0.11 to $0.39. For the next year, analysts anticipate that the company will post earnings of $1.80 per share, with EPS estimates ranging from $1.61 to $1.90. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow TPI Composites.

TPI Composites (NASDAQ:TPIC) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). TPI Composites had a return on equity of 17.01% and a net margin of 3.17%. The company had revenue of $230.61 million during the quarter, compared to the consensus estimate of $240.29 million.

Several equities analysts recently issued reports on TPIC shares. UBS Group raised TPI Composites from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.00 to $31.00 in a research report on Wednesday, June 20th. ValuEngine cut TPI Composites from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. TheStreet raised TPI Composites from a “c” rating to a “b-” rating in a research report on Monday, July 23rd. Craig Hallum upped their price objective on TPI Composites from $33.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Finally, Roth Capital set a $37.00 price objective on TPI Composites and gave the company a “buy” rating in a research report on Tuesday, July 10th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. TPI Composites currently has a consensus rating of “Buy” and an average target price of $33.61.

TPIC stock traded down $0.15 during midday trading on Friday, hitting $27.30. The company’s stock had a trading volume of 172,614 shares, compared to its average volume of 376,087. The stock has a market capitalization of $939.47 million, a PE ratio of 21.84 and a beta of -0.91. TPI Composites has a 12 month low of $16.35 and a 12 month high of $32.22. The company has a current ratio of 1.65, a quick ratio of 1.63 and a debt-to-equity ratio of 0.39.

In other TPI Composites news, major shareholder Landmark Equity Advisors Llc sold 600,000 shares of the business’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $25.90, for a total transaction of $15,540,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel G. Weiss sold 50,000 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $26.05, for a total transaction of $1,302,500.00. Following the sale, the director now owns 6,620 shares of the company’s stock, valued at $172,451. The disclosure for this sale can be found here. Insiders sold a total of 2,515,605 shares of company stock worth $69,492,506 over the last ninety days. 58.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in TPI Composites by 315.5% during the 1st quarter. JPMorgan Chase & Co. now owns 56,203 shares of the industrial products company’s stock valued at $1,261,000 after buying an additional 42,675 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University purchased a new stake in TPI Composites during the 2nd quarter valued at $2,496,000. Wasatch Advisors Inc. raised its stake in TPI Composites by 62.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 387,575 shares of the industrial products company’s stock valued at $11,333,000 after buying an additional 148,558 shares during the last quarter. Trigran Investments Inc. raised its stake in TPI Composites by 130.7% during the 2nd quarter. Trigran Investments Inc. now owns 848,543 shares of the industrial products company’s stock valued at $24,811,000 after buying an additional 480,751 shares during the last quarter. Finally, Denver Investment Advisors LLC purchased a new stake in TPI Composites during the 1st quarter valued at $474,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

About TPI Composites

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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