TPI Composites Company Profile (NASDAQ:TPIC)

About TPI Composites (NASDAQ:TPIC)

TPI Composites logoTPI 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. The Asia segment includes the manufacturing of wind blades in facilities in Taicang Port, China and two in Dafeng, China; the manufacturing of precision molding and assembly systems in its Taicang City, China facility; the manufacturing of components in its second Taicang Port, China facility, and wind blade inspection and repair services. The Mexico segment manufactures wind blades from a facility in Juarez, Mexico. The Middle East and Africa segment manufactures wind blades from a facility in Izmir, Turkey.

Industry, Sector and Symbol:
  • Sector: Industrial Products
  • Industry: Wind Systems & Equipment
  • Sub-Industry: N/A
  • Symbol: NASDAQ:TPIC
  • CUSIP: N/A
  • Web: www.tpicomposites.com
Capitalization:
  • Market Cap: $608.75 million
  • Outstanding Shares: 32,799,000
Average Prices:
  • 50 Day Moving Avg: $16.98
  • 200 Day Moving Avg: $17.56
  • 52 Week Range: $11.31 - $23.30
P/E:
  • Trailing P/E Ratio: 37.12
  • Foreward P/E Ratio: 14.97
  • P/E Growth: 0.58
Sales & Book Value:
  • Annual Revenue: $770.37 million
  • Price / Sales: 0.79
  • Book Value: $3.32 per share
  • Price / Book: 5.59
Profitability:
  • EBIDTA: $58.35 million
  • Net Margins: 2.03%
  • Return on Equity: 51.28%
  • Return on Assets: 4.35%
Debt:
  • Debt-to-Equity Ratio: 0.79%
  • Current Ratio: 1.31%
  • Quick Ratio: 0.87%
Misc:
  • Average Volume: 204,725 shs.
  • Short Ratio: 0.43
 

Frequently Asked Questions for TPI Composites (NASDAQ:TPIC)

What is TPI Composites' stock symbol?

TPI Composites trades on the NASDAQ under the ticker symbol "TPIC."

How were TPI Composites' earnings last quarter?

TPI Composites, Inc. (NASDAQ:TPIC) issued its quarterly earnings data on Monday, May, 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.11 by $0.01. The company had revenue of $191.60 million for the quarter, compared to the consensus estimate of $213.26 million. TPI Composites had a return on equity of 51.28% and a net margin of 2.03%. The firm's revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.16) EPS. View TPI Composites' Earnings History.

What guidance has TPI Composites issued on next quarter's earnings?

TPI Composites updated its first quarter earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $0.09-0.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.04. The company issued revenue guidance of $189.7-191.7 million, compared to the consensus revenue estimate of $213.26 million.

Where is TPI Composites' stock going? Where will TPI Composites' stock price be in 2017?

7 equities research analysts have issued twelve-month price objectives for TPI Composites' stock. Their forecasts range from $20.00 to $25.00. On average, they expect TPI Composites' share price to reach $22.00 in the next twelve months. View Analyst Ratings for TPI Composites.

What are analysts saying about TPI Composites stock?

Here are some recent quotes from research analysts about TPI Composites stock:

  • 1. Canaccord Genuity analysts commented, "We continue to believe that ExOne gives investors a very compelling way to play the additive manufacturing space, and we think that shares are at quite attractive levels following the 4Q16 earnings report on March 16. The company has a significant opportunity within the industrial production space, and we think that global adoption of ExOne’s technologies is poised to expand. Moreover, we estimate that the company has a dominant market share within the sand binder jetting market, so the competitive threats do not appear that significant. As volumes rise —and we think they will—the company should have opportunity for expanded margins and eventually positive EBITDA. That could be a key catalyst for shares, as full-year adjusted EBITDA have been negative since the company became public." (3/20/2017)
  • 2. According to Zacks Investment Research, "TPI Composites, Inc. is the manufacturer of composite wind blades for the wind energy market. It operates primarily in the U.S., Mexico, China and Turkey. TPI Composites, Inc. is headquartered in Scottsdale, Arizona. " (3/14/2017)
  • 3. J P Morgan Chase & Co analysts commented, "We are initiating coverage of TPIC at Overweight with a 2017 price target of $22.00. TPI Composites, a differentiated US-listed wind energy pure-play, is winning share of the growing market for outsourced wind-blade manufacturing. We believe the stock can appreciate significantly – earn a growth-multiple – based on solid execution of previously contracted revenues and further production-line expansion. New contract wins, with new and existing customers, could introduce upside to our estimates." (8/16/2016)

Are investors shorting TPI Composites?

TPI Composites saw a drop in short interest during the month of May. As of May 31st, there was short interest totalling 139,292 shares, a drop of 53.5% from the May 15th total of 299,580 shares. Based on an average daily volume of 277,587 shares, the days-to-cover ratio is presently 0.5 days.

Who are some of TPI Composites' key competitors?

Who are TPI Composites' key executives?

TPI Composites' management team includes the folowing people:

  • Paul G. Giovacchini, Independent Chairman of the Board
  • Steven C. Lockard, President, Chief Executive Officer, Director
  • William E. Siwek, Chief Financial Officer
  • Mark R. McFeely, Chief Operating Officer
  • Lars Moller, Executive Vice President —Business Development and Strategy
  • Thomas J. Castle, Senior Vice President — North American Wind Operations and Global Operational Excellence
  • Steven G. Fishbach, General Counsel, Secretary
  • Wayne G. Monie, Chief Manufacturing Technology Officer
  • Stephen B. Bransfield, Independent Director
  • Michael L. DeRosa, Independent Director

When did TPI Composites IPO?

(TPIC) raised $72 million in an initial public offering (IPO) on Friday, July 22nd 2016. The company issued 6,300,000 shares at a price of $11.00-$12.00 per share. J.P. Morgan and Morgan Stanley acted as the underwriters for the IPO and Cowen and Company, Raymond James and Canaccord Genuity were co-managers.

Who owns TPI Composites stock?

TPI Composites' stock is owned by a number of of retail and institutional investors. Top institutional investors include FMR LLC (3.27%), GCA Investment Management LLC (1.01%), Driehaus Capital Management LLC (0.89%), Vanguard Group Inc. (0.82%), Columbia Partners L L C Investment Management (0.75%) and Handelsbanken Fonder AB (0.65%). Company insiders that own TPI Composites stock include Element Partners Ii Intrafund, Jack A Henry, James Alton Hughes, Paul G Giovacchini, Steven C Lockard, Steven G Fishbach and William E Siwek. View Institutional Ownership Trends for TPI Composites.

Who sold TPI Composites stock? Who is selling TPI Composites stock?

TPI Composites' stock was sold by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Columbia Partners L L C Investment Management, GCA Investment Management LLC, TIAA CREF Investment Management LLC, FMR LLC, Teachers Advisors LLC, Granite Investment Partners LLC and Bank of New York Mellon Corp. Company insiders that have sold TPI Composites stock in the last year include Element Partners Ii Intrafund, Paul G Giovacchini and Steven C Lockard. View Insider Buying and Selling for TPI Composites.

Who bought TPI Composites stock? Who is buying TPI Composites stock?

TPI Composites' stock was purchased by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Morgan Stanley, Renaissance Technologies LLC, Spark Investment Management LLC, Geode Capital Management LLC, First Trust Advisors LP, Goldman Sachs Group Inc. and Dynamic Technology Lab Private Ltd. Company insiders that have bought TPI Composites stock in the last two years include Jack A Henry, James Alton Hughes, Steven C Lockard, Steven G Fishbach and William E Siwek. View Insider Buying and Selling for TPI Composites.

How do I buy TPI Composites stock?

Shares of TPI Composites can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is TPI Composites' stock price today?

One share of TPI Composites stock can currently be purchased for approximately $18.56.


MarketBeat Community Rating for TPI Composites (NASDAQ TPIC)
Community Ranking:  3.1 out of 5 (  )
Outperform Votes:  49 (Vote Outperform)
Underperform Votes:  30 (Vote Underperform)
Total Votes:  79
MarketBeat's community ratings are surveys of what our community members think about TPI Composites and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for TPI Composites (NASDAQ:TPIC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 7 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $22.00 (18.53% upside)

Analysts' Ratings History for TPI Composites (NASDAQ:TPIC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/27/2017Roth CapitalSet Price TargetBuy$23.00N/AView Rating Details
5/8/2017Barclays PLCSet Price TargetBuy$23.00LowView Rating Details
3/20/2017Canaccord GenuityReiterated RatingBuyMediumView Rating Details
9/27/2016Morgan StanleyReiterated RatingBuy$25.00N/AView Rating Details
8/16/2016Raymond James Financial, Inc.Initiated CoverageOutperform$20.00N/AView Rating Details
8/16/2016Cowen and CompanyInitiated CoverageOutperform$21.00N/AView Rating Details
8/16/2016J P Morgan Chase & CoInitiated CoverageOverweight$22.00N/AView Rating Details
(Data available from 6/29/2015 forward)

Earnings

Earnings History for TPI Composites (NASDAQ:TPIC)
Earnings by Quarter for TPI Composites (NASDAQ:TPIC)
Earnings History by Quarter for TPI Composites (NASDAQ TPIC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/8/20173/31/2017$0.11$0.10$213.26 million$191.60 millionViewListenView Earnings Details
11/9/20169/30/2016($0.10)$0.08$187.75 million$198.94 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for TPI Composites (NASDAQ:TPIC)
2017 EPS Consensus Estimate: $0.68
2018 EPS Consensus Estimate: $1.44
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.01$0.01$0.01
Q2 20171$0.17$0.17$0.17
Q3 20171$0.23$0.23$0.23
Q4 20171$0.27$0.27$0.27
Q1 20181$0.30$0.30$0.30
Q2 20181$0.31$0.31$0.31
Q3 20181$0.40$0.40$0.40
Q4 20181$0.43$0.43$0.43
(Data provided by Zacks Investment Research)

Dividends

Dividend History for TPI Composites (NASDAQ:TPIC)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for TPI Composites (NASDAQ:TPIC)
Insider Ownership Percentage: 73.70%
Institutional Ownership Percentage: 23.65%
Insider Trades by Quarter for TPI Composites (NASDAQ:TPIC)
Institutional Ownership by Quarter for TPI Composites (NASDAQ:TPIC)
Insider Trades by Quarter for TPI Composites (NASDAQ:TPIC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/31/2017Jack A HenryDirectorBuy4,400$16.82$74,008.00View SEC Filing  
5/17/2017Element Partners Ii IntrafundMajor ShareholderSell1,132,572$16.35$18,517,552.20View SEC Filing  
5/17/2017Paul G GiovacchiniDirectorSell1,245,348$16.35$20,361,439.80View SEC Filing  
5/17/2017Steven C LockardInsiderSell135,333$16.35$2,212,694.55View SEC Filing  
7/27/2016James Alton HughesDirectorBuy13,636$11.00$149,996.00View SEC Filing  
7/27/2016Steven C LockardInsiderBuy22,727$11.00$249,997.00View SEC Filing  
7/27/2016Steven G FishbachGeneral CounselBuy4,546$11.00$50,006.00View SEC Filing  
7/27/2016William E SiwekCFOBuy9,091$11.00$100,001.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for TPI Composites (NASDAQ:TPIC)
Latest Headlines for TPI Composites (NASDAQ:TPIC)
Source:
DateHeadline
finance.yahoo.com logoTPI Composites, Inc. breached its 50 day moving average in a Bearish Manner : TPIC-US : June 19, 2017
finance.yahoo.com - June 20 at 8:43 AM
americanbankingnews.com logoTPI Composites, Inc. (TPIC) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - June 19 at 11:01 AM
americanbankingnews.com logoTPI Composites, Inc. (TPIC) Sees Large Drop in Short Interest
www.americanbankingnews.com - June 15 at 4:26 PM
americanbankingnews.com logoZacks: Brokerages Anticipate TPI Composites, Inc. (TPIC) Will Announce Quarterly Sales of $221.20 Million
www.americanbankingnews.com - June 14 at 10:00 AM
americanbankingnews.com logo$0.15 EPS Expected for TPI Composites, Inc. (TPIC) This Quarter
www.americanbankingnews.com - June 12 at 8:28 PM
finance.yahoo.com logoETFs with exposure to TPI Composites, Inc. : June 9, 2017
finance.yahoo.com - June 9 at 11:53 PM
finance.yahoo.com logoTPI Composites, Inc. :TPIC-US: Earnings Analysis: Q1, 2017 By the Numbers : June 8, 2017
finance.yahoo.com - June 8 at 3:58 PM
americanbankingnews.com logoTPI Composites Inc (TPIC) Director Acquires $74,008.00 in Stock
www.americanbankingnews.com - June 1 at 8:32 PM
americanbankingnews.com logoTPI Composites Inc (TPIC) PT Set at $23.00 by Roth Capital
www.americanbankingnews.com - May 27 at 9:34 AM
americanbankingnews.com logoTPI Composites Inc (TPIC) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - May 23 at 10:30 AM
americanbankingnews.com logo$221.2 Million in Sales Expected for TPI Composites Inc (TPIC) This Quarter
www.americanbankingnews.com - May 21 at 4:22 PM
americanbankingnews.com logoInsider Selling: TPI Composites Inc (TPIC) Director Sells 1,245,348 Shares of Stock
www.americanbankingnews.com - May 18 at 7:27 PM
americanbankingnews.com logoTPI Composites Inc (TPIC) Major Shareholder Element Partners Ii Intrafund Sells 1,132,572 Shares
www.americanbankingnews.com - May 18 at 7:27 PM
americanbankingnews.com logoTPI Composites Inc (TPIC) Insider Steven C. Lockard Sells 135,333 Shares
www.americanbankingnews.com - May 18 at 7:27 PM
americanbankingnews.com logoZacks: Analysts Anticipate TPI Composites Inc (TPIC) Will Announce Earnings of $0.14 Per Share
www.americanbankingnews.com - May 16 at 7:56 AM
reuters.com logoBRIEF-TPI COMPOSITES INC ANNOUNCES PRICING OF PUBLIC OFFERING
www.reuters.com - May 12 at 3:48 PM
nasdaq.com logoTPI Composites, Inc. Announces Pricing of Public Offering
www.nasdaq.com - May 12 at 2:35 AM
finance.yahoo.com logoTPI Composites, Inc. Announces Launch of Public Offering
finance.yahoo.com - May 9 at 7:47 PM
americanbankingnews.com logoBarclays PLC Analysts Give TPI Composites Inc (TPIC) a $23.00 Price Target
www.americanbankingnews.com - May 9 at 6:52 PM
americanbankingnews.com logoTPI Composites Inc (TPIC) Posts Earnings Results, Beats Estimates By $0.06 EPS
www.americanbankingnews.com - May 9 at 10:22 AM
finance.yahoo.com logoEdited Transcript of TPIC earnings conference call or presentation 8-May-17 9:00pm GMT
finance.yahoo.com - May 9 at 10:00 AM
globenewswire.com logoTPI Composites, Inc. Provides Update on Potential Secondary Offering of Common Stock
globenewswire.com - May 8 at 7:48 PM
marketbeat.com logoTPI Composites beats 1Q profit forecasts
marketbeat.com - May 8 at 4:34 PM
americanbankingnews.com logoTPI Composites Inc (TPIC) to Release Earnings on Monday
www.americanbankingnews.com - May 6 at 7:12 AM
finance.yahoo.com logoTPI Composites, Inc. – Value Analysis (NASDAQ:TPIC) : May 4, 2017
finance.yahoo.com - May 5 at 12:37 AM
americanbankingnews.com logoTPI Composites Inc (TPIC) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - May 4 at 1:04 AM
finance.yahoo.com logoTPI Composites, Inc. breached its 50 day moving average in a Bearish Manner : TPIC-US : May 3, 2017
finance.yahoo.com - May 3 at 10:13 AM
finance.yahoo.com logoTPI Composites Gears Up for Secondary Offering
finance.yahoo.com - May 1 at 7:25 PM
americanbankingnews.com logoTPI Composites Inc (TPIC) Issues Q1 Earnings Guidance
www.americanbankingnews.com - May 1 at 12:20 PM
finance.yahoo.com logoTPI and Vestas Sign Wind Blade Supply Agreement for Latin America
finance.yahoo.com - April 28 at 10:58 PM
americanbankingnews.com logoTPI Composites Inc (TPIC) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - April 28 at 12:24 PM
americanbankingnews.com logo Analysts Expect TPI Composites Inc (TPIC) Will Post Quarterly Sales of $210.6 Million
www.americanbankingnews.com - April 27 at 12:18 PM
americanbankingnews.com logo$0.01 Earnings Per Share Expected for TPI Composites Inc (TPIC) This Quarter
www.americanbankingnews.com - April 25 at 4:08 PM
finance.yahoo.com logoSurging Earnings Estimates Signal Good News for TPI Composites (TPIC)
finance.yahoo.com - April 19 at 10:15 PM
finance.yahoo.com logoETFs with exposure to TPI Composites, Inc. : April 7, 2017
finance.yahoo.com - April 7 at 6:06 PM
americanbankingnews.com logoTPI Composites Inc (TPIC) Earns Overweight Rating from Analysts at Barclays PLC
www.americanbankingnews.com - April 6 at 8:55 AM
americanbankingnews.com logoTPI Composites Inc (TPIC) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - April 3 at 1:41 PM
finance.yahoo.com logoCoverage initiated on TPI Composites by Barclays
finance.yahoo.com - April 1 at 6:49 AM
americanbankingnews.com logoTPI Composites Inc (TPIC) Coverage Initiated at Barclays PLC
www.americanbankingnews.com - March 31 at 12:38 PM
globenewswire.com logoTPI Composites Expands its Relationship with Gamesa and Signs New Supply Agreement in Turkey - GlobeNewswire (press release)
globenewswire.com - March 29 at 7:31 AM
us.rd.yahoo.com logoTPI Composites Expands its Relationship with Gamesa and Signs New Supply Agreement in Turkey
us.rd.yahoo.com - March 28 at 8:10 PM
americanbankingnews.com logoTPI Composites' (TPIC) Buy Rating Reaffirmed at Canaccord Genuity
www.americanbankingnews.com - March 24 at 8:26 AM
finance.yahoo.com logoTPI COMPOSITES, INC Financials
finance.yahoo.com - March 24 at 2:14 AM
americanbankingnews.com logoTPI Composites Inc (TPIC) Expected to Earn Q1 2017 Earnings of $0.01 Per Share
www.americanbankingnews.com - March 21 at 8:49 AM
americanbankingnews.com logoTPI Composites Inc (TPIC) Earns Buy Rating from Canaccord Genuity
www.americanbankingnews.com - March 20 at 4:22 PM
streetinsider.com logoTPI Composites, Inc. (TPIC) Tops Q4 EPS by 5c
www.streetinsider.com - March 18 at 7:22 PM
biz.yahoo.com logoTPI COMPOSITES, INC Files SEC form 10-K, Annual Report
biz.yahoo.com - March 18 at 2:15 AM
finance.yahoo.com logoEdited Transcript of TPIC earnings conference call or presentation 17-Mar-17 12:00pm GMT
finance.yahoo.com - March 18 at 2:15 AM
globenewswire.com logoTPI to Manufacture Composite Bus Bodies for Proterra Catalyst® Zero-Emission, Battery-Electric Buses
globenewswire.com - March 17 at 3:29 AM
baystreet.ca logoTPI Composites (TPIC) Retreats with Loss on Way
www.baystreet.ca - March 17 at 3:29 AM

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Chart

TPI Composites (TPIC) Chart for Thursday, June, 29, 2017

This page was last updated on 6/29/2017 by MarketBeat.com Staff