About TPI Composites (NASDAQ:TPIC)
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. The company was formerly known as LCSI Holding, Inc. and changed its name to TPI Composites, Inc. in 2008. TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona.
Industry, Sector and Symbol
Industry Engines & turbines
Sub-IndustryN/A
SectorIndustrial Products
SymbolNASDAQ:TPIC
CUSIPN/A
Phone480-305-8910
Debt
Debt-to-Equity Ratio0.53%
Current Ratio1.34%
Quick Ratio0.93%
Price-To-Earnings
Trailing P/E Ratio17.77
Forward P/E Ratio56.95
P/E GrowthN/A
Sales & Book Value
Annual Sales$930.28 million
Price / Sales0.81
Cash Flow$1.9147 per share
Price / Cash11.60
Book Value$4.72 per share
Price / Book4.71
Profitability
EPS (Most Recent Fiscal Year)$1.25
Net Income$43.69 million
Net Margins4.70%
Return on Equity31.56%
Return on Assets8.14%
Miscellaneous
Employees7,700
Outstanding Shares34,100,000
TPI Composites (NASDAQ:TPIC) Frequently Asked Questions
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 (NASDAQ:TPIC) posted its quarterly earnings results on Thursday, March, 8th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.03. The industrial products company earned $247.10 million during the quarter, compared to analysts' expectations of $249 million. TPI Composites had a return on equity of 31.56% and a net margin of 4.70%. TPI Composites's revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share. View TPI Composites' Earnings History.
When is TPI Composites' next earnings date?
What guidance has TPI Composites issued on next quarter's earnings?
TPI Composites updated its FY18 earnings guidance on Thursday, March, 8th. The company provided earnings per share (EPS) guidance of $0.38-$0.42 for the period, compared to the Thomson Reuters consensus estimate of $0.45. The company issued revenue guidance of $1.0-$1.05 billion, compared to the consensus revenue estimate of $1.02 billion.
What price target have analysts set for TPIC?
8 Wall Street analysts have issued 1 year target prices for TPI Composites' shares. Their predictions range from $23.00 to $33.00. On average, they expect TPI Composites' stock price to reach $27.3750 in the next twelve months. View Analyst Ratings for TPI Composites.
What are Wall Street analysts saying about TPI Composites stock?
Here are some recent quotes from research analysts about TPI Composites stock:
- 1. 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. " (4/12/2018)
- 2. Canaccord Genuity analysts commented, "TPI Composites is a leading independent manufacturer of composite wind turbine blades to key turbine OEMs globally. In the midst of rapid (yet variable) wind market growth and an ongoing OEM productivity/secular shift towards outsourcing, TPI’s recent share gains and IPO are helping to fund capex for expansions, new builds and strategic initiatives. Investment highlights We stay constructive (even as volatility could linger near-term), as the company’s position in the global wind market stays differentiated, along with management’s efforts to use the next ~12 months to retool, realign and pursue platform expansions (like the previously announced electric vehicle marketplace with Proterra). For the quarter itself we look for continued solid execution overall, with the focus primarily on a prioritized pipeline of 22 targeted molds (including some current LM customers) with good probability of closing in the next ~24 months (larger average blade sizes, with each line equating to ~$35M of annual sales potential vs. historical ~ $20-25M). Other key topics include policy updates (PTC, infrastructure plan potential, steel tariffs, etc.), as well as prospects for growth in new/adjacent areas (EV’s, offshore, etc.)." (3/6/2018)
Are investors shorting TPI Composites?
TPI Composites saw a increase in short interest during the month of March. As of March 29th, there was short interest totalling 781,498 shares, an increase of 39.3% from the March 15th total of 561,148 shares. Based on an average trading volume of 307,904 shares, the days-to-cover ratio is currently 2.5 days. Approximately 5.3% of the company's shares are sold short.
Who are some of TPI Composites' key competitors?
Some companies that are related to TPI Composites include General Cable (BGC), Actuant (ATU), ForeScout Technologies (FSCT), Milacron (MCRN), Hollysys Automation Technologies (HOLI), Multi-Color (LABL), Alamo Group (ALG), ACCO Brands (ACCO), Quad/Graphics (QUAD), H&E Equipment Services (HEES), Altra Industrial Motion (AIMC), Astec Industries (ASTE), Uacj (UACJF), Standex International (SXI), Salini Impregilo (SAL), TriMas (TRS), Hyster-Yale Materials Handling (HY) and Tennant (TNC).
Who are TPI Composites' key executives?
TPI Composites' management team includes the folowing people:
- Mr. Steven C. Lockard, Pres, CEO & Director (Age 56)
- Mr. Mark R. McFeely, Chief Operating Officer (Age 45)
- Mr. Wayne G. Monie, Sr. Advisor (Age 69)
- Mr. William E. Siwek, Chief Financial Officer (Age 55)
- Mr. Ramesh Gopalakrishnan, Sr. VP of Technology & Industrialization
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 $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.
Has TPI Composites been receiving favorable news coverage?
News articles about TPIC stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TPI Composites earned a daily sentiment score of 0.20 on Accern's scale. They also gave news coverage about the industrial products company an impact score of 45.38 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
How do I buy shares of TPI Composites?
Shares of TPIC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TPI Composites' stock price today?
One share of TPIC stock can currently be purchased for approximately $22.21.
How big of a company is TPI Composites?
TPI Composites has a market capitalization of $757.29 million and generates $930.28 million in revenue each year. The industrial products company earns $43.69 million in net income (profit) each year or $1.25 on an earnings per share basis. TPI Composites employs 7,700 workers across the globe.
How can I contact TPI Composites?
TPI Composites' mailing address is 8501 N. SCOTTSDALE ROAD GAINEY CENTER II SUITE 100, SCOTTSDALE AZ, 85253. The industrial products company can be reached via phone at 480-305-8910 or via email at [email protected]
MarketBeat Community Rating for TPI Composites (TPIC)
MarketBeat's community ratings are surveys of what our community members think about TPI Composites and other stocks. Vote "Outperform" if you believe TPIC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TPIC will underperform the S&P 500 over the long term. You may vote once every thirty days.
TPI Composites (NASDAQ:TPIC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for TPI Composites in the last 12 months. Their average twelve-month price target is $27.3750, suggesting that the stock has a possible upside of 23.26%. The high price target for TPIC is $33.00 and the low price target for TPIC is $23.00. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.88 | 2.88 | 3.00 | 2.80 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $27.3750 | $27.3750 | $28.00 | $24.80 |
| Price Target Upside: | 23.26% upside | 23.48% upside | 33.46% upside | 13.76% upside |
TPI Composites (NASDAQ:TPIC) Consensus Price Target History
TPI Composites (NASDAQ:TPIC) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
TPI Composites (NASDAQ:TPIC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
TPI Composites (NASDAQ TPIC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 58.20%
Institutional Ownership Percentage: 38.59%
TPI Composites (NASDAQ TPIC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/18/2018 | Philip J Deutch | Director | Sell | 900 | $22.26 | $20,034.00 | 2,880 |  |
| 4/16/2018 | Philip J Deutch | Director | Sell | 119,757 | $22.21 | $2,659,802.97 | 2,880 | |
| 3/20/2018 | Philip J Deutch | Director | Sell | 317,000 | $21.83 | $6,920,110.00 | 2,880 | |
| 3/15/2018 | Daniel G Weiss | Director | Sell | 200,000 | $22.54 | $4,508,000.00 | 2,880 | |
| 3/15/2018 | Investors L P Angeleno II | Major Shareholder | Sell | 100,000 | $22.35 | $2,235,000.00 | | |
| 3/13/2018 | Investors L P Angeleno II | Major Shareholder | Sell | 50,426 | $22.91 | $1,155,259.66 | 2,880 | |
| 12/15/2017 | Investors L P Angeleno II | Major Shareholder | Sell | 32,388 | $18.79 | $608,570.52 | | |
| 12/14/2017 | Daniel G Weiss | Director | Sell | 51,000 | $19.14 | $976,140.00 | 2,880 | |
| 8/16/2017 | Jack A Henry | Director | Buy | 3,400 | $21.70 | $73,780.00 | 13,800 | |
| 5/31/2017 | Jack A Henry | Director | Buy | 4,400 | $16.82 | $74,008.00 | 4,400 | |
| 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 | 155,561 | |
| 7/27/2016 | James Alton Hughes | Director | Buy | 13,636 | $11.00 | $149,996.00 | 13,636 | |
| 7/27/2016 | Steven C Lockard | Insider | Buy | 22,727 | $11.00 | $249,997.00 | 290,894 | |
| 7/27/2016 | Steven G Fishbach | General Counsel | Buy | 4,546 | $11.00 | $50,006.00 | 4,546 | |
| 7/27/2016 | William E Siwek | CFO | Buy | 9,091 | $11.00 | $100,001.00 | 9,091 | |
(Data available from 1/1/2013 forward)
TPI Composites (NASDAQ TPIC) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | TPI Composites, Inc. Announces First Quarter 2018 Earnings Release Date and Conference Call
finance.yahoo.com - April 19 at 8:39 AM |
 | Analysts Expect TPI Composites (TPIC) Will Post Quarterly Sales of $223.43 Million
www.americanbankingnews.com - April 19 at 4:58 AM |
| TPI Composites (TPIC) Director Philip J. Deutch Sells 900 Shares
www.americanbankingnews.com - April 18 at 10:12 PM |
| TPI Composites (TPIC) Director Philip J. Deutch Sells 119,757 Shares
www.americanbankingnews.com - April 18 at 10:10 PM |
| TPI Composites Inc (NASDAQ:TPIC) Delivered A Better ROE Than The Industry, Here’s Why
finance.yahoo.com - April 18 at 8:40 AM |
| Reviewing TPI Composites (TPIC) and EDF (ECIFY)
www.americanbankingnews.com - April 17 at 7:19 PM |
| TPI Composites (TPIC) Expected to Post Earnings of $0.03 Per Share
www.americanbankingnews.com - April 17 at 1:14 AM |
| TPI Composites (TPIC) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - April 15 at 9:41 AM |
| TPI Composites (TPIC) Sees Significant Increase in Short Interest
www.americanbankingnews.com - April 14 at 2:29 AM |
| TPI Composites (TPIC) versus Westport Fuel Systems (WPRT) Financial Analysis
www.americanbankingnews.com - April 13 at 8:57 AM |
| TPI Composites (TPIC) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - April 12 at 1:45 PM |
| Edited Transcript of TPIC presentation 10-Apr-18 5:45pm GMT
finance.yahoo.com - April 12 at 9:16 AM |
| TPI Composites (TPIC) Price Target Increased to $28.00 by Analysts at Roth Capital
www.americanbankingnews.com - April 11 at 10:42 PM |
 | TPI Composites (TPIC) Presents At Bank Of America Merrill Lynch Wind Energy Conference - Slideshow
seekingalpha.com - April 11 at 5:09 PM |
| TPI Completes Debt Refinancing with a New $150 million, 5-Year Revolving Credit Facility
finance.yahoo.com - April 9 at 8:51 AM |
| Comparing Cummins (CMI) & TPI Composites (TPIC)
www.americanbankingnews.com - April 7 at 5:22 PM |
| Critical Survey: Power Solutions International (PSIX) versus TPI Composites (TPIC)
www.americanbankingnews.com - April 6 at 10:10 AM |
| Comparing Briggs & Stratton (BGG) & TPI Composites (TPIC)
www.americanbankingnews.com - April 4 at 10:11 AM |
| TPI and Vestas Sign Wind Blade Supply Agreement to Open New Facility in China
finance.yahoo.com - April 3 at 8:48 AM |
| Analysts Anticipate TPI Composites Inc (TPIC) Will Announce Quarterly Sales of $223.43 Million
www.americanbankingnews.com - April 2 at 4:54 AM |
| $0.03 Earnings Per Share Expected for TPI Composites Inc (TPIC) This Quarter
www.americanbankingnews.com - March 31 at 3:21 AM |
| Critical Survey: TPI Composites (TPIC) & Its Peers
www.americanbankingnews.com - March 27 at 11:16 PM |
| TPI Composites (TPIC) versus Its Competitors Financial Review
www.americanbankingnews.com - March 26 at 3:09 PM |
| Analyzing TPI Composites (TPIC) & Its Competitors
www.americanbankingnews.com - March 24 at 11:21 PM |
| TPI Composites (TPIC) versus The Competition Financial Contrast
www.americanbankingnews.com - March 22 at 12:09 PM |
| Head-To-Head Survey: TPI Composites (TPIC) vs. Its Peers
www.americanbankingnews.com - March 22 at 11:49 AM |
| TPI Composites Inc (TPIC) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - March 21 at 10:11 AM |
| TPI Composites Inc (TPIC) Director Sells $6,920,110.00 in Stock
www.americanbankingnews.com - March 20 at 7:32 PM |
| Zacks: Brokerages Anticipate TPI Composites Inc (TPIC) Will Announce Quarterly Sales of $223.43 Million
www.americanbankingnews.com - March 16 at 7:02 AM |
| Insider Selling: TPI Composites Inc (TPIC) Major Shareholder Sells 100,000 Shares of Stock
www.americanbankingnews.com - March 16 at 4:08 AM |
| Investors L. P. Angeleno II Sells 50,426 Shares of TPI Composites Inc (TPIC) Stock
www.americanbankingnews.com - March 16 at 4:08 AM |
| Daniel G. Weiss Sells 200,000 Shares of TPI Composites Inc (TPIC) Stock
www.americanbankingnews.com - March 15 at 10:09 PM |
| UBS Group Begins Coverage on TPI Composites (TPIC)
www.americanbankingnews.com - March 15 at 7:42 PM |
| Wired News – AZZ Inc. Emerges as Winning Bidder for Lectrus’ Assets Including Chattanooga, Tennessee Facility
finance.yahoo.com - March 15 at 8:39 AM |
| TPI Composites Inc (TPIC) Expected to Post Earnings of $0.03 Per Share
www.americanbankingnews.com - March 14 at 1:24 AM |
| ValuEngine Downgrades TPI Composites (TPIC) to Hold
www.americanbankingnews.com - March 13 at 10:19 PM |
| What Do Analysts Think About TPI Composites Inc’s (NASDAQ:TPIC) Future?
finance.yahoo.com - March 13 at 6:59 PM |
| Zacks Investment Research Lowers TPI Composites (TPIC) to Hold
www.americanbankingnews.com - March 10 at 10:22 AM |
 | TPI Composites, Inc. (TPIC) Misses Q4 EPS by 2c
www.streetinsider.com - March 10 at 8:43 AM |
| TPI Composites (TPIC) Releases Earnings Results, Misses Expectations By $0.03 EPS
www.americanbankingnews.com - March 9 at 10:18 AM |
| TPI Composites, Inc. to Host Earnings Call
finance.yahoo.com - March 8 at 6:13 PM |
| TPI Composites misses 4Q profit forecasts
finance.yahoo.com - March 8 at 6:13 PM |
| TPI Composites, Inc. Announces Fourth Quarter and Full Year 2017 Earnings Results
finance.yahoo.com - March 8 at 6:13 PM |
| TPI Composites (TPIC) Releases FY18 Earnings Guidance
www.americanbankingnews.com - March 8 at 5:43 PM |
| TPI Composites (TPIC) Scheduled to Post Earnings on Wednesday
www.americanbankingnews.com - March 7 at 1:50 AM |
| TPI Composites (TPIC) Receives Buy Rating from Canaccord Genuity
www.americanbankingnews.com - March 6 at 3:28 PM |
| TPI Composites Inc (TPIC) Position Raised by Arrowstreet Capital Limited Partnership
www.americanbankingnews.com - March 3 at 4:25 AM |
| 116,689 Shares in TPI Composites Inc (TPIC) Purchased by American Century Companies Inc.
www.americanbankingnews.com - February 26 at 4:26 AM |
| TPI Composites Inc (TPIC) Position Trimmed by Columbia Partners L L C Investment Management
www.americanbankingnews.com - February 24 at 4:20 PM |
| TPI Composites Inc (TPIC) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - February 24 at 9:54 AM |
TPI Composites (NASDAQ:TPIC) SEC Filings
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TPI Composites (NASDAQ:TPIC) Income Statement, Balance Sheet and Cash Flow Statement
TPI Composites (NASDAQ TPIC) Stock Chart for Sunday, April, 22, 2018
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