Brokerages expect that TPI Composites Inc (NASDAQ:TPIC) will report $244.90 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for TPI Composites’ earnings, with the highest sales estimate coming in at $248.21 million and the lowest estimate coming in at $243.20 million. TPI Composites reported sales of $185.57 million in the same quarter last year, which indicates a positive year-over-year growth rate of 32%. The business is scheduled to announce its next earnings results on Thursday, March 15th.

According to Zacks, analysts expect that TPI Composites will report full year sales of $244.90 million for the current fiscal year, with estimates ranging from $926.40 million to $947.04 million. For the next financial year, analysts expect that the firm will report sales of $1.02 billion per share, with estimates ranging from $990.50 million to $1.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for TPI Composites.

TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $252.42 million. During the same quarter last year, the business posted $0.08 EPS. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis.

TPIC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of TPI Composites from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, October 11th. JPMorgan Chase & Co. upgraded shares of TPI Composites from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a research report on Thursday, November 30th. Canaccord Genuity raised their target price on shares of TPI Composites from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, November 6th. JMP Securities initiated coverage on shares of TPI Composites in a research report on Thursday, November 16th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, BidaskClub lowered shares of TPI Composites from a “buy” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. TPI Composites has an average rating of “Buy” and an average price target of $27.00.

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

Large investors have recently modified their holdings of the company. Handelsinvest Investeringsforvaltning lifted its holdings in shares of TPI Composites by 63.3% during the third quarter. Handelsinvest Investeringsforvaltning now owns 200,000 shares of the industrial products company’s stock worth $4,468,000 after purchasing an additional 77,500 shares during the period. Rhumbline Advisers acquired a new position in shares of TPI Composites during the second quarter worth $206,000. Vanguard Group Inc. lifted its holdings in shares of TPI Composites by 79.9% during the second quarter. Vanguard Group Inc. now owns 485,589 shares of the industrial products company’s stock worth $8,973,000 after purchasing an additional 215,680 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TPI Composites by 5,354.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,000 shares of the industrial products company’s stock worth $1,109,000 after purchasing an additional 58,900 shares during the period. Finally, Alps Advisors Inc. bought a new position in TPI Composites during the third quarter worth $519,000. Institutional investors own 33.89% of the company’s stock.

Shares of TPI Composites (NASDAQ TPIC) traded down $0.14 during trading on Friday, reaching $20.45. 126,376 shares of the company’s stock were exchanged, compared to its average volume of 197,457. TPI Composites has a 1 year low of $15.26 and a 1 year high of $26.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 0.93. The firm has a market capitalization of $695.50, a price-to-earnings ratio of 20.05 and a beta of -1.43.

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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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