NASDAQ:TPIC - TPI Composites Stock Price, Forecast & News

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

TPI Composites Inc (NASDAQ:TPIC) posted its quarterly earnings data on Wednesday, November, 6th. The industrial products company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.06 by $0.19. The industrial products company had revenue of $383.84 million for the quarter, compared to analysts' expectations of $400.60 million. The firm's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. View TPI Composites' Earnings History.

TPI Composites is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for TPI Composites.

TPI Composites will be holding an earnings conference call on Thursday, February 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

TPI Composites updated its FY 2019 Pre-Market earnings guidance on Friday, February, 7th. The company provided EPS guidance of -0.47--0.43 for the period, compared to the Thomson Reuters consensus estimate of $-0.21. The company issued revenue guidance of $1.42-1.44 billion, compared to the consensus revenue estimate of $1.44 billion.

8 brokerages have issued twelve-month price targets for TPI Composites' stock. Their forecasts range from $23.00 to $32.00. On average, they anticipate TPI Composites' stock price to reach $27.75 in the next year. This suggests a possible upside of 12.9% from the stock's current price. View Analyst Price Targets for TPI Composites.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TPI Composites in the last year. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for TPI Composites.

News headlines about TPIC stock have been trending somewhat positive on Monday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TPI Composites earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for TPI Composites.

TPI Composites saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 2,730,000 shares, a decline of 6.8% from the January 15th total of 2,930,000 shares. Based on an average daily trading volume, of 523,000 shares, the short-interest ratio is currently 5.2 days. Approximately 9.3% of the company's stock are short sold. View TPI Composites' Current Options Chain.

Based on aggregate information from My MarketBeat watchlists, some companies that other TPI Composites investors own include Canopy Growth (CGC), Baozun (BZUN), Alibaba Group (BABA), Baidu (BIDU), InterDigital Wireless (IDCC), NVIDIA (NVDA), Innovative Industrial Properties (IIPR), Veeva Systems (VEEV), TENCENT HOLDING/ADR (TCEHY) and Momo (MOMO).

(TPIC) raised $72 million in an initial public offering 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.

TPI Composites' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Handelsbanken Fonder AB (6.22%), Bank of New York Mellon Corp (2.36%), Amundi Pioneer Asset Management Inc. (2.34%), State Street Corp (1.72%), Rockefeller Capital Management L.P. (1.70%) and CIBC Private Wealth Group LLC (1.65%). Company insiders that own TPI Composites stock include Bryan Robert Schumaker, Daniel G Weiss, Element Partners Ii Intrafund, Element Partners Ii Lp, Investors L P Angeleno II, Jack A Henry, Landmark Equity Advisors Llc, Michael Lawrence Derosa, Paul G Giovacchini, Philip J Deutch, Stephen Bransfield, Steven C Lockard, Thomas J Castle and William E Siwek. View Institutional Ownership Trends for TPI Composites.

TPIC stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Point72 Asset Management L.P., Amundi Pioneer Asset Management Inc., Stifel Financial Corp, Jefferies Group LLC, Handelsbanken Fonder AB, Trillium Asset Management LLC and Handelsinvest Investeringsforvaltning. Company insiders that have sold TPI Composites company stock in the last year include Daniel G Weiss, Michael Lawrence Derosa and Thomas J Castle. View Insider Buying and Selling for TPI Composites.

TPIC stock was acquired by a variety of institutional investors in the last quarter, including Rockefeller Capital Management L.P., Jacobs Levy Equity Management Inc., River Road Asset Management LLC, Skyline Asset Management LP, THB Asset Management, Triodos Investment Management BV, DekaBank Deutsche Girozentrale and Goldman Sachs Group Inc.. Company insiders that have bought TPI Composites stock in the last two years include Bryan Robert Schumaker, Jack A Henry, Paul G Giovacchini, Stephen Bransfield, Steven C Lockard and William E Siwek. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of TPIC stock can currently be purchased for approximately $24.59.