TPI Composites Company Profile (NASDAQ:TPIC)

About TPI Composites (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: N/A
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: TPIC
  • CUSIP: N/A
Key Metrics:
  • Previous Close: $16.34
  • 50 Day Moving Average: $18.12
  • 200 Day Moving Average: $17.44
  • 52-Week Range: $11.31 - $23.30
  • Trailing P/E Ratio: 34.50
  • Foreward P/E Ratio: 12.31
  • P/E Growth: 0.00
  • Market Cap: $540.86M
  • Outstanding Shares: 32,799,000
Profitability:
  • Net Margins: 3.68%
  • Return on Equity: -24.14%
  • Return on Assets: 7.42%
Debt:
  • Debt-to-Equity Ratio: 0.76%
  • Current Ratio: 1.42%
  • Quick Ratio: 0.98%

Analyst Ratings

Consensus Ratings for TPI Composites (NASDAQ:TPIC) (?)
Ratings Breakdown: 6 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $21.83 (32.40% upside)

Analysts' Ratings History for TPI Composites (NASDAQ:TPIC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/20/2017Canaccord GenuityReiterated RatingBuyMediumView Rating Details
1/17/2017Roth CapitalInitiated CoverageBuy$23.00N/AView 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
8/16/2016JPMorgan Chase & Co.Initiated CoverageOverweight$22.00N/AView Rating Details
(Data available from 3/23/2015 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
3/16/2017        
11/9/20169/30/2016($0.10)$0.08$198.94 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for TPI Composites (NASDAQ:TPIC)
Current Year EPS Consensus Estimate: $0.58 EPS
Next Year EPS Consensus Estimate: $1.34 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q4 20161($0.06)($0.06)($0.06)
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)
Institutional Ownership Percentage: 23.80%
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
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
News IconTPI Composites Inc (TPIC) Expected to Earn Q1 2017 Earnings of $0.01 Per Share (NASDAQ:TPIC)
www.americanbankingnews.com - March 21 at 8:49 AM
News IconTPI Composites Inc (TPIC) Earns Buy Rating from Canaccord Genuity (NASDAQ:TPIC)
www.americanbankingnews.com - March 20 at 4:22 PM
streetinsider.com logoTPI Composites, Inc. (TPIC) Tops Q4 EPS by 5c (NASDAQ:TPIC)
www.streetinsider.com - March 18 at 7:22 PM
biz.yahoo.com logoTPI COMPOSITES, INC Files SEC form 10-K, Annual Report (NASDAQ:TPIC)
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 (NASDAQ:TPIC)
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 (NASDAQ:TPIC)
globenewswire.com - March 17 at 3:29 AM
baystreet.ca logoTPI Composites (TPIC) Retreats with Loss on Way (NASDAQ:TPIC)
www.baystreet.ca - March 17 at 3:29 AM
biz.yahoo.com logoQ4 2016 TPI Composites Inc Earnings Release - After Market Close (NASDAQ:TPIC)
us.rd.yahoo.com - March 17 at 3:29 AM
us.rd.yahoo.com logo4:00 pm TPI Composites enters an agreement to supply Proterra with composite bus bodies for its Catalyst transit vehicles (NASDAQ:TPIC)
us.rd.yahoo.com - March 17 at 3:29 AM
us.rd.yahoo.com logoTPI Composites, Inc. Announces Fourth Quarter and Full Year 2016 Earnings Results (NASDAQ:TPIC)
us.rd.yahoo.com - March 17 at 3:29 AM
biz.yahoo.com logoTPI COMPOSITES, INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Fina (NASDAQ:TPIC)
biz.yahoo.com - March 17 at 3:29 AM
News IconTPI Composites Inc (TPIC) to Release Quarterly Earnings on Thursday (NASDAQ:TPIC)
www.americanbankingnews.com - March 15 at 8:19 AM
News IconTPI Composites Inc (TPIC) Upgraded to “Hold” by Zacks Investment Research (NASDAQ:TPIC)
www.americanbankingnews.com - March 14 at 7:36 PM
biz.yahoo.com logoTPI COMPOSITES, INC Files SEC form 8-K/A, Entry into a Material Definitive Agreement, Creation of a Direct Financial (NASDAQ:TPIC)
biz.yahoo.com - March 9 at 8:14 PM
finance.yahoo.com logoTPI Composites Inc. Announces Fourth Quarter & Full Year 2016 Earnings Release Date and Conference Call (NASDAQ:TPIC)
finance.yahoo.com - March 4 at 2:07 AM
finance.yahoo.com logoIn-house or out? Blade strategy divides wind turbine makers (NASDAQ:TPIC)
finance.yahoo.com - January 19 at 5:28 AM
us.rd.yahoo.com logoCoverage initiated on TPI Composites by ROTH Capital (NASDAQ:TPIC)
us.rd.yahoo.com - January 18 at 2:45 AM
globenewswire.com logoTPI Composites Refinances Term Loan Facility - GlobeNewswire (press release) (NASDAQ:TPIC)
globenewswire.com - January 8 at 5:40 AM
biz.yahoo.com logoTPI COMPOSITES, INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Ob (NASDAQ:TPIC)
biz.yahoo.com - January 7 at 6:06 AM
biz.yahoo.com logoTPI COMPOSITES, INC Files SEC form 8-K/A, Entry into a Material Definitive Agreement, Financial Statements and Exhibi (NASDAQ:TPIC)
biz.yahoo.com - January 7 at 6:06 AM
globenewswire.com logoTPI Composites Inc. to Participate at Upcoming Investor Conferences - GlobeNewswire (press release) (NASDAQ:TPIC)
globenewswire.com - November 30 at 11:56 PM
finance.yahoo.com logoTPI Composites Inc. to Participate at Upcoming Investor Conferences (NASDAQ:TPIC)
finance.yahoo.com - November 30 at 10:18 AM
businesswire.com logoROTH Capital Partners to Host New Industrials Corporate Access Day in New York City (NASDAQ:TPIC)
www.businesswire.com - November 29 at 11:14 AM
nasdaq.com logoWeakness Seen in TPI Composites (TPIC) Estimates: Should You Stay Away? - Nasdaq (NASDAQ:TPIC)
www.nasdaq.com - November 17 at 12:26 PM
seekingalpha.com logoUnderfollowed Growth Story Of TPI Composites, Inc.: A Trump Victim? - Seeking Alpha (NASDAQ:TPIC)
seekingalpha.com - November 17 at 12:26 PM
finance.yahoo.com logoWeakness Seen in TPI Composites (TPIC) Estimates: Should You Stay Away? (NASDAQ:TPIC)
finance.yahoo.com - November 16 at 11:51 AM
finance.yahoo.com logoEdited Transcript of TPIC earnings conference call or presentation 9-Nov-16 10:00pm GMT (NASDAQ:TPIC)
finance.yahoo.com - November 10 at 11:32 AM
nasdaq.com logoTPI Composites Expands its Relationship with Nordex in Turkey (NASDAQ:TPIC)
www.nasdaq.com - November 9 at 8:01 PM
biz.yahoo.com logoQ3 2016 TPI Composites Inc Earnings Release - After Market Close (NASDAQ:TPIC)
biz.yahoo.com - November 9 at 10:53 AM
thestreet.com logo'Mad Money' Lightning Round: I'm Faithful to Opko Health's CEO (NASDAQ:TPIC)
www.thestreet.com - October 14 at 11:03 AM
nasdaq.com logoTPI Composites Extends and Enters into New Contracts with General Electric International (NASDAQ:TPIC)
www.nasdaq.com - October 13 at 7:56 PM
cnbc.com logoCramer: The right way to play master limited partnerships (NASDAQ:TPIC)
www.cnbc.com - October 13 at 7:56 PM
biz.yahoo.com logoTPI COMPOSITES, INC Files SEC form 8-K, Entry into a Material Definitive Agreement (NASDAQ:TPIC)
biz.yahoo.com - October 11 at 10:15 AM
reuters.com logoRev Group interviews investment banks for IPO: sources (NASDAQ:TPIC)
www.reuters.com - September 20 at 4:31 PM
finance.yahoo.com logoDon’t Be Fooled (NASDAQ:TPIC)
finance.yahoo.com - September 7 at 11:35 AM
benzinga.com logoCanaccord Sees 17% Upside In TPI Composites (NASDAQ:TPIC)
www.benzinga.com - August 16 at 7:56 PM
benzinga.com logoThe Largest U.S. Wind Blade Company, TPI Composites, Initiated Bullish (NASDAQ:TPIC)
www.benzinga.com - August 16 at 11:11 AM
biz.yahoo.com logoTPI COMPOSITES, INC Files SEC form 8-K, Regulation FD Disclosure (NASDAQ:TPIC)
biz.yahoo.com - August 12 at 8:00 PM
finance.yahoo.com logo4:10 pm TPI Composites extends and expands its long-term agreement with Nordex to continue to supply wind blades from its existing Izmir, Turkey manufacturing facility through 2020 (NASDAQ:TPIC)
finance.yahoo.com - August 10 at 8:31 PM

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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."

When will TPI Composites make its next earnings announcement?

TPI Composites is scheduled to release their next quarterly earnings announcement on Thursday, March, 16th 2017.

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

6 brokerages have issued twelve-month target prices for TPI Composites' stock. Their forecasts range from $20.00 to $25.00. On average, they expect TPI Composites' stock price to reach $21.83 in the next year.

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. JPMorgan 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)

When did TPI Composites IPO?

(TPIC) raised $72 million in an initial public offering on Friday, July 22nd 2016. The company issued 6,300,000 shares at $11.00-$12.00 per share. J.P. Morgan and Morgan Stanley served 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 variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (3.33%), State Street Corp (0.22%), Menta Capital LLC (0.10%), GSA Capital Partners LLP (0.06%) and Integre Asset Management LLC (0.06%). Company insiders that own TPI Composites stock include James Alton Hughes, Steven C Lockard, Steven G Fishbach and William E Siwek.

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 FMR LLC, Menta Capital LLC, GSA Capital Partners LLP, State Street Corp and Integre Asset Management LLC. Company insiders that have bought TPI Composites stock in the last two years include James Alton Hughes, Steven C Lockard, Steven G Fishbach and William E Siwek.

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.

How much does a share of TPI Composites stock cost?

One share of TPI Composites stock can currently be purchased for approximately $16.49.

TPI Composites (TPIC) Chart for Thursday, March, 23, 2017

This page was last updated on 3/23/2017 by MarketBeat.com Staff