Press coverage about TPI Composites (NASDAQ:TPIC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TPI Composites earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 45.8759367513988 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
TPIC has been the topic of several recent analyst reports. BidaskClub downgraded shares of TPI Composites from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Zacks Investment Research raised shares of TPI Composites from a “sell” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, January 23rd. Craig Hallum initiated coverage on shares of TPI Composites in a report on Tuesday, January 16th. They set a “buy” rating and a $33.00 price objective on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $26.00 price objective on shares of TPI Composites in a report on Tuesday, March 6th. Finally, ValuEngine downgraded shares of TPI Composites from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. TPI Composites has a consensus rating of “Buy” and an average target price of $26.89.
Shares of NASDAQ TPIC opened at $22.50 on Friday. The stock has a market capitalization of $775.71, a PE ratio of 18.00 and a beta of -0.94. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. TPI Composites has a 52 week low of $15.26 and a 52 week high of $26.00.
TPI Composites (NASDAQ:TPIC) last issued its earnings results on Thursday, March 8th. The industrial products company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.03). The business had revenue of $247.10 million during the quarter, compared to analyst estimates of $249.00 million. TPI Composites had a net margin of 4.70% and a return on equity of 31.56%. TPI Composites’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. equities research analysts predict that TPI Composites will post 0.38 EPS for the current fiscal year.
In other news, Director Philip J. Deutch sold 317,000 shares of the stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $21.83, for a total value of $6,920,110.00. Following the completion of the sale, the director now directly owns 2,880 shares in the company, valued at $62,870.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel G. Weiss sold 200,000 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $22.54, for a total transaction of $4,508,000.00. Following the completion of the sale, the director now owns 2,880 shares of the company’s stock, valued at $64,915.20. The disclosure for this sale can be found here. Insiders sold 667,426 shares of company stock valued at $14,818,370 over the last quarter. Company insiders own 73.70% of the company’s stock.
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About TPI Composites
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.
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