Brokerages expect TPI Composites Inc (NASDAQ:TPIC) to report $0.19 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for TPI Composites’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.26. TPI Composites posted earnings of $0.02 per share during the same quarter last year, which indicates a positive year over year growth rate of 850%. The firm is scheduled to report its next 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 fiscal year, with EPS estimates ranging from $1.25 to $1.36. For the next year, analysts anticipate that the company will report earnings of $0.45 per share, with EPS estimates ranging from $0.34 to $0.62. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow TPI Composites.

Several brokerages have recently issued reports on TPIC. Zacks Investment Research lowered TPI Composites from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine lowered TPI Composites from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. BidaskClub downgraded TPI Composites from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. raised TPI Composites from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a report on Thursday, November 30th. Finally, Craig Hallum initiated coverage on TPI Composites in a report on Tuesday, January 16th. They set a “buy” rating and a $33.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $27.38.

Shares of TPI Composites (NASDAQ TPIC) traded up $0.38 on Thursday, hitting $18.86. The stock had a trading volume of 86,196 shares, compared to its average volume of 149,527. TPI Composites has a one year low of $15.26 and a one year high of $26.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 1.32. The company has a market cap of $640.75, a price-to-earnings ratio of 18.49 and a beta of -1.34.

In related news, Director Daniel G. Weiss sold 51,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $19.14, for a total transaction of $976,140.00. Following the sale, the director now owns 2,880 shares of the company’s stock, valued at approximately $55,123.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Investors L. P. Angeleno II sold 32,388 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $18.79, for a total value of $608,570.52. The disclosure for this sale can be found here. Company insiders own 73.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors lifted its holdings in TPI Composites by 85.8% during the 2nd quarter. Nationwide Fund Advisors now owns 6,038 shares of the industrial products company’s stock worth $112,000 after buying an additional 2,788 shares during the period. First Quadrant L P CA acquired a new position in TPI Composites during the 3rd quarter worth about $126,000. Advisor Group Inc. lifted its holdings in TPI Composites by 242.5% during the 2nd quarter. Advisor Group Inc. now owns 8,333 shares of the industrial products company’s stock worth $154,000 after buying an additional 5,900 shares during the period. Royal Bank of Canada lifted its holdings in TPI Composites by 70.2% during the 2nd quarter. Royal Bank of Canada now owns 9,338 shares of the industrial products company’s stock worth $172,000 after buying an additional 3,852 shares during the period. Finally, Citigroup Inc. lifted its holdings in TPI Composites by 6,277.7% during the 2nd quarter. Citigroup Inc. now owns 10,013 shares of the industrial products company’s stock worth $185,000 after buying an additional 9,856 shares during the period. 35.86% of the stock is currently owned by institutional investors.

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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.

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