TPI Composites, Inc. (NASDAQ:TPIC) Director Daniel G. Weiss sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 8th. The shares were sold at an average price of $45.62, for a total value of $684,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of NASDAQ:TPIC traded down $2.00 during trading on Thursday, hitting $44.51. 717,215 shares of the company’s stock were exchanged, compared to its average volume of 884,407. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.25 and a current ratio of 1.28. TPI Composites, Inc. has a 52-week low of $20.27 and a 52-week high of $81.36. The firm has a 50-day moving average of $50.20. The firm has a market capitalization of $1.63 billion, a P/E ratio of -67.51 and a beta of 1.58.
TPI Composites (NASDAQ:TPIC) last released its earnings results on Thursday, May 6th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.05. TPI Composites had a positive return on equity of 13.12% and a negative net margin of 1.18%. The firm had revenue of $404.68 million during the quarter, compared to analysts’ expectations of $414.90 million. During the same quarter last year, the business posted ($0.01) earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. Research analysts expect that TPI Composites, Inc. will post 0.54 EPS for the current fiscal year.
A number of analysts recently commented on TPIC shares. Zacks Investment Research cut TPI Composites from a “hold” rating to a “sell” rating in a research report on Friday, May 21st. Canaccord Genuity upped their price target on TPI Composites from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, February 26th. Piper Sandler assumed coverage on TPI Composites in a research report on Thursday. They issued a “neutral” rating and a $50.00 price target for the company. JPMorgan Chase & Co. reduced their price target on TPI Composites from $51.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday, March 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $68.00 price target on shares of TPI Composites in a research report on Monday, May 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.92.
About TPI Composites
TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the transportation industry; and field service inspection and repair services to OEM customers and wind farm owners and operators.
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