TPI Composites (TPIC) to Release Quarterly Earnings on Thursday

TPI Composites (NASDAQ:TPIC) is anticipated to announce its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.15) per share and revenue of $364.83 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

TPI Composites Stock Performance

Shares of TPIC stock opened at $1.23 on Thursday. The stock’s 50-day simple moving average is $1.60 and its 200-day simple moving average is $2.92. The firm has a market capitalization of $58.50 million, a PE ratio of -0.33 and a beta of 1.82. TPI Composites has a fifty-two week low of $1.10 and a fifty-two week high of $5.75.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TPIC. Bank of America dropped their target price on TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of TPI Composites in a report on Thursday, December 12th. Jefferies Financial Group began coverage on TPI Composites in a report on Thursday, October 17th. They set a “hold” rating and a $5.00 target price on the stock. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $2.00 target price (down from $4.00) on shares of TPI Composites in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.58.

About TPI Composites

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators.