TPI Composites (NASDAQ:TPIC) issued its quarterly earnings data on Wednesday. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.19), Briefing.com reports. TPI Composites had a negative net margin of 0.82% and a negative return on equity of 5.59%. The firm had revenue of $383.84 million during the quarter, compared to analyst estimates of $400.60 million. During the same period last year, the business earned $0.26 EPS. The firm’s revenue was up 50.5% compared to the same quarter last year.
Shares of TPI Composites stock traded down $5.51 on Friday, hitting $16.12. 3,915,100 shares of the company’s stock traded hands, compared to its average volume of 411,065. The stock has a market cap of $761.78 million, a P/E ratio of 201.50 and a beta of 1.73. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 1.11. TPI Composites has a 52-week low of $15.87 and a 52-week high of $32.74. The firm’s 50-day moving average is $19.46 and its 200 day moving average is $22.11.
Several analysts have issued reports on TPIC shares. ValuEngine downgraded shares of TPI Composites from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Raymond James lowered their price objective on shares of TPI Composites from $32.00 to $25.00 and set a “strong-buy” rating for the company in a research report on Thursday. BidaskClub raised shares of TPI Composites from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Roth Capital downgraded shares of TPI Composites from a “buy” rating to a “neutral” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of TPI Composites from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $26.70.
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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