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. 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
- Market Cap: $608.75 million
- Outstanding Shares: 32,799,000
- 50 Day Moving Avg: $16.98
- 200 Day Moving Avg: $17.56
- 52 Week Range: $11.31 - $23.30
Sales & Book Value:
- Trailing P/E Ratio: 37.12
- Foreward P/E Ratio: 14.97
- P/E Growth: 0.58
- Annual Revenue: $770.37 million
- Price / Sales: 0.79
- Book Value: $3.32 per share
- Price / Book: 5.59
- EBIDTA: $58.35 million
- Net Margins: 2.03%
- Return on Equity: 51.28%
- Return on Assets: 4.35%
- Debt-to-Equity Ratio: 0.79%
- Current Ratio: 1.31%
- Quick Ratio: 0.87%
- 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?
Some companies that are related to TPI Composites include Quad Graphics (QUAD), Altra Industrial Motion Corp. (AIMC), Hyster-Yale Materials Handling (HY), Standex International Corporation (SXI), Sun Hydraulics Corporation (SNHY), Alamo Group (ALG), Briggs & Stratton Corporation (BGG), Chart Industries (GTLS), ScanSource (SCSC), Hollysys Automation Technologies (HOLI), CIRCOR International (CIR), Lindsay Corporation (LNN), Encore Wire Corporation (WIRE), Fairmount Santrol Holdings (FMSA), Kadant (KAI), Manitowoc Company, Inc. (The) (MTW), General Cable Corporation (BGC) and NN (NNBR).
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?
MarketBeat Community Rating for TPI Composites (NASDAQ TPIC)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.
One share of TPI Composites stock can currently be purchased for approximately $18.56.
Consensus Ratings for TPI Composites (NASDAQ:TPIC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
(Data available from 6/29/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|5/27/2017||Roth Capital||Set Price Target||Buy||$23.00||N/A|
|5/8/2017||Barclays PLC||Set Price Target||Buy||$23.00||Low|
|3/20/2017||Canaccord Genuity||Reiterated Rating||Buy||Medium|
|9/27/2016||Morgan Stanley||Reiterated Rating||Buy||$25.00||N/A|
|8/16/2016||Raymond James Financial, Inc.||Initiated Coverage||Outperform||$20.00||N/A|
|8/16/2016||Cowen and Company||Initiated Coverage||Outperform||$21.00||N/A|
|8/16/2016||J P Morgan Chase & Co||Initiated Coverage||Overweight||$22.00||N/A|
Earnings History for TPI Composites (NASDAQ:TPIC)Earnings History by Quarter for TPI Composites (NASDAQ TPIC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/8/2017||3/31/2017||$0.11||$0.10||$213.26 million||$191.60 million||View||Listen|
|11/9/2016||9/30/2016||($0.10)||$0.08||$187.75 million||$198.94 million||View||Listen|
Earnings Estimates for TPI Composites (NASDAQ:TPIC)
2017 EPS Consensus Estimate: $0.68
2018 EPS Consensus Estimate: $1.44
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for TPI Composites (NASDAQ:TPIC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for TPI Composites (NASDAQ:TPIC)
Insider Ownership Percentage: 73.70%Insider Trades by Quarter for TPI Composites (NASDAQ:TPIC)
Institutional Ownership Percentage: 23.65%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/31/2017||Jack A Henry||Director||Buy||4,400||$16.82||$74,008.00|| |
|5/17/2017||Element Partners Ii Intrafund||Major Shareholder||Sell||1,132,572||$16.35||$18,517,552.20|| |
|5/17/2017||Paul G Giovacchini||Director||Sell||1,245,348||$16.35||$20,361,439.80|| |
|5/17/2017||Steven C Lockard||Insider||Sell||135,333||$16.35||$2,212,694.55|| |
|7/27/2016||James Alton Hughes||Director||Buy||13,636||$11.00||$149,996.00|| |
|7/27/2016||Steven C Lockard||Insider||Buy||22,727||$11.00||$249,997.00|| |
|7/27/2016||Steven G Fishbach||General Counsel||Buy||4,546||$11.00||$50,006.00|| |
|7/27/2016||William E Siwek||CFO||Buy||9,091||$11.00||$100,001.00|| |
Headline Trends for TPI Composites (NASDAQ:TPIC)
Latest Headlines for TPI Composites (NASDAQ:TPIC)
|TPI 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
|TPI Composites, Inc. (TPIC) Given Consensus Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - June 19 at 11:01 AM
|TPI Composites, Inc. (TPIC) Sees Large Drop in Short Interest|
www.americanbankingnews.com - June 15 at 4:26 PM
|Zacks: Brokerages Anticipate TPI Composites, Inc. (TPIC) Will Announce Quarterly Sales of $221.20 Million|
www.americanbankingnews.com - June 14 at 10:00 AM
|$0.15 EPS Expected for TPI Composites, Inc. (TPIC) This Quarter|
www.americanbankingnews.com - June 12 at 8:28 PM
|ETFs with exposure to TPI Composites, Inc. : June 9, 2017|
finance.yahoo.com - June 9 at 11:53 PM
|TPI Composites, Inc. :TPIC-US: Earnings Analysis: Q1, 2017 By the Numbers : June 8, 2017|
finance.yahoo.com - June 8 at 3:58 PM
|TPI Composites Inc (TPIC) Director Acquires $74,008.00 in Stock|
www.americanbankingnews.com - June 1 at 8:32 PM
|TPI Composites Inc (TPIC) PT Set at $23.00 by Roth Capital|
www.americanbankingnews.com - May 27 at 9:34 AM
|TPI Composites Inc (TPIC) Given Consensus Rating of "Buy" by Analysts|
www.americanbankingnews.com - May 23 at 10:30 AM
|$221.2 Million in Sales Expected for TPI Composites Inc (TPIC) This Quarter|
www.americanbankingnews.com - May 21 at 4:22 PM
|Insider Selling: TPI Composites Inc (TPIC) Director Sells 1,245,348 Shares of Stock|
www.americanbankingnews.com - May 18 at 7:27 PM
|TPI Composites Inc (TPIC) Major Shareholder Element Partners Ii Intrafund Sells 1,132,572 Shares|
www.americanbankingnews.com - May 18 at 7:27 PM
|TPI Composites Inc (TPIC) Insider Steven C. Lockard Sells 135,333 Shares|
www.americanbankingnews.com - May 18 at 7:27 PM
|Zacks: Analysts Anticipate TPI Composites Inc (TPIC) Will Announce Earnings of $0.14 Per Share|
www.americanbankingnews.com - May 16 at 7:56 AM
|BRIEF-TPI COMPOSITES INC ANNOUNCES PRICING OF PUBLIC OFFERING|
www.reuters.com - May 12 at 3:48 PM
|TPI Composites, Inc. Announces Pricing of Public Offering|
www.nasdaq.com - May 12 at 2:35 AM
|TPI Composites, Inc. Announces Launch of Public Offering|
finance.yahoo.com - May 9 at 7:47 PM
|Barclays PLC Analysts Give TPI Composites Inc (TPIC) a $23.00 Price Target|
www.americanbankingnews.com - May 9 at 6:52 PM
|TPI Composites Inc (TPIC) Posts Earnings Results, Beats Estimates By $0.06 EPS|
www.americanbankingnews.com - May 9 at 10:22 AM
|Edited Transcript of TPIC earnings conference call or presentation 8-May-17 9:00pm GMT|
finance.yahoo.com - May 9 at 10:00 AM
|TPI Composites, Inc. Provides Update on Potential Secondary Offering of Common Stock|
globenewswire.com - May 8 at 7:48 PM
|TPI Composites beats 1Q profit forecasts|
marketbeat.com - May 8 at 4:34 PM
|TPI Composites Inc (TPIC) to Release Earnings on Monday|
www.americanbankingnews.com - May 6 at 7:12 AM
|TPI Composites, Inc. – Value Analysis (NASDAQ:TPIC) : May 4, 2017|
finance.yahoo.com - May 5 at 12:37 AM
|TPI Composites Inc (TPIC) Given Consensus Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - May 4 at 1:04 AM
|TPI 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
|TPI Composites Gears Up for Secondary Offering|
finance.yahoo.com - May 1 at 7:25 PM
|TPI Composites Inc (TPIC) Issues Q1 Earnings Guidance|
www.americanbankingnews.com - May 1 at 12:20 PM
|TPI and Vestas Sign Wind Blade Supply Agreement for Latin America|
finance.yahoo.com - April 28 at 10:58 PM
|TPI Composites Inc (TPIC) Given Average Rating of "Buy" by Brokerages|
www.americanbankingnews.com - April 28 at 12:24 PM
| Analysts Expect TPI Composites Inc (TPIC) Will Post Quarterly Sales of $210.6 Million|
www.americanbankingnews.com - April 27 at 12:18 PM
|$0.01 Earnings Per Share Expected for TPI Composites Inc (TPIC) This Quarter|
www.americanbankingnews.com - April 25 at 4:08 PM
|Surging Earnings Estimates Signal Good News for TPI Composites (TPIC)|
finance.yahoo.com - April 19 at 10:15 PM
|ETFs with exposure to TPI Composites, Inc. : April 7, 2017|
finance.yahoo.com - April 7 at 6:06 PM
|TPI Composites Inc (TPIC) Earns Overweight Rating from Analysts at Barclays PLC|
www.americanbankingnews.com - April 6 at 8:55 AM
|TPI Composites Inc (TPIC) Receives Average Rating of "Buy" from Brokerages|
www.americanbankingnews.com - April 3 at 1:41 PM
|Coverage initiated on TPI Composites by Barclays|
finance.yahoo.com - April 1 at 6:49 AM
|TPI Composites Inc (TPIC) Coverage Initiated at Barclays PLC|
www.americanbankingnews.com - March 31 at 12:38 PM
|TPI Composites Expands its Relationship with Gamesa and Signs New Supply Agreement in Turkey - GlobeNewswire (press release)|
globenewswire.com - March 29 at 7:31 AM
|TPI Composites Expands its Relationship with Gamesa and Signs New Supply Agreement in Turkey|
us.rd.yahoo.com - March 28 at 8:10 PM
|TPI Composites' (TPIC) Buy Rating Reaffirmed at Canaccord Genuity|
www.americanbankingnews.com - March 24 at 8:26 AM
|TPI COMPOSITES, INC Financials|
finance.yahoo.com - March 24 at 2:14 AM
|TPI Composites Inc (TPIC) Expected to Earn Q1 2017 Earnings of $0.01 Per Share|
www.americanbankingnews.com - March 21 at 8:49 AM
|TPI Composites Inc (TPIC) Earns Buy Rating from Canaccord Genuity|
www.americanbankingnews.com - March 20 at 4:22 PM
|TPI Composites, Inc. (TPIC) Tops Q4 EPS by 5c|
www.streetinsider.com - March 18 at 7:22 PM
|TPI COMPOSITES, INC Files SEC form 10-K, Annual Report|
biz.yahoo.com - March 18 at 2:15 AM
|Edited Transcript of TPIC earnings conference call or presentation 17-Mar-17 12:00pm GMT|
finance.yahoo.com - March 18 at 2:15 AM
|TPI to Manufacture Composite Bus Bodies for Proterra Catalyst® Zero-Emission, Battery-Electric Buses|
globenewswire.com - March 17 at 3:29 AM
|TPI Composites (TPIC) Retreats with Loss on Way|
www.baystreet.ca - March 17 at 3:29 AM
TPI Composites (TPIC) Chart for Thursday, June, 29, 2017