Wall Street analysts predict that TPI Composites Inc (NASDAQ:TPIC) will announce $0.19 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for TPI Composites’ earnings, with estimates ranging from $0.15 to $0.26. TPI Composites reported earnings of $0.02 per share in the same quarter last year, which would indicate a positive year over year growth rate of 850%. The business is expected to issue its next quarterly earnings report on Thursday, March 15th.

On average, analysts expect that TPI Composites will report full year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.36. For the next financial year, analysts expect that the business will report earnings of $0.44 per share, with EPS estimates ranging from $0.34 to $0.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow TPI Composites.

TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.36. TPI Composites had a net margin of 4.09% and a return on equity of 30.80%. The business had revenue of $243.35 million during the quarter, compared to the consensus estimate of $252.42 million. During the same quarter last year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year.

A number of equities analysts have weighed in on TPIC shares. Canaccord Genuity increased their target price on shares of TPI Composites from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. JMP Securities started coverage on shares of TPI Composites in a research report on Thursday, November 16th. They set an “outperform” rating and a $33.00 target price for the company. Cowen set a $26.00 target price on shares of TPI Composites and gave the stock a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research lowered shares of TPI Composites from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, ValuEngine upgraded shares of TPI Composites from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.00.

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in shares of TPI Composites in the first quarter valued at approximately $205,000. Geode Capital Management LLC boosted its position in shares of TPI Composites by 50.9% in the first quarter. Geode Capital Management LLC now owns 94,939 shares of the industrial products company’s stock valued at $1,804,000 after acquiring an additional 32,038 shares during the period. Morgan Stanley boosted its position in shares of TPI Composites by 209.6% in the first quarter. Morgan Stanley now owns 183,555 shares of the industrial products company’s stock valued at $3,489,000 after acquiring an additional 124,267 shares during the period. Renaissance Technologies LLC bought a new position in shares of TPI Composites in the first quarter valued at approximately $1,042,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of TPI Composites by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 24,734 shares of the industrial products company’s stock valued at $471,000 after acquiring an additional 1,368 shares during the period. Hedge funds and other institutional investors own 33.90% of the company’s stock.

TPI Composites (NASDAQ:TPIC) opened at $18.93 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The firm has a market cap of $644.63 and a PE ratio of 16.68. TPI Composites has a 1 year low of $14.13 and a 1 year high of $26.00.

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TPI Composites Company Profile

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.

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

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