TPI Composites Inc (NASDAQ:TPIC) CFO Bryan Robert Schumaker Buys 1,070 Shares of Stock
TPI Composites Inc (NASDAQ:TPIC) CFO Bryan Robert Schumaker purchased 1,070 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $18.40 per share, with a total value of $19,688.00. Following the acquisition, the chief financial officer now owns 1,070 shares of the company’s stock, valued at approximately $19,688. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
TPIC stock traded down $0.46 during midday trading on Thursday, hitting $17.66. 10,582 shares of the company’s stock were exchanged, compared to its average volume of 510,075. The company’s 50-day simple moving average is $24.52. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.27 and a quick ratio of 1.25. The stock has a market capitalization of $660.89 million, a PE ratio of 220.88 and a beta of 1.53. TPI Composites Inc has a 1-year low of $17.89 and a 1-year high of $32.74.
TPI Composites (NASDAQ:TPIC) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.33. The company had revenue of $330.77 million during the quarter, compared to analysts’ expectations of $330.90 million. TPI Composites had a negative return on equity of 5.59% and a negative net margin of 0.82%. The firm’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) earnings per share. Equities research analysts forecast that TPI Composites Inc will post 0.04 earnings per share for the current fiscal year.
TPIC has been the subject of several recent research reports. Roth Capital cut their price target on TPI Composites from $34.00 to $28.00 and set a “buy” rating for the company in a report on Friday, August 9th. Craig Hallum cut their price target on TPI Composites from $37.00 to $31.00 and set an “in-line” rating for the company in a report on Thursday, August 8th. Canaccord Genuity cut their target price on TPI Composites from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, August 9th. ValuEngine cut TPI Composites from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research cut TPI Composites from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $33.00.
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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