Somewhat Favorable News Coverage Somewhat Unlikely to Affect TPI Composites (TPIC) Stock Price
News coverage about TPI Composites (NASDAQ:TPIC) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TPI Composites earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.057995803205 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.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- TPI Composites, Inc. (TPIC) Downgraded by Zacks Investment Research (americanbankingnews.com)
- $244.94 Million in Sales Expected for TPI Composites, Inc. (TPIC) This Quarter (americanbankingnews.com)
- TPI Composites, Inc. (TPIC) Expected to Post Earnings of $0.20 Per Share (americanbankingnews.com)
- JMP Securities Initiates Coverage on TPI Composites, Inc. (TPIC) (americanbankingnews.com)
- TPI Composites, Inc. (TPIC) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
TPI Composites (NASDAQ TPIC) opened at $18.77 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 1.32. TPI Composites has a 12 month low of $14.13 and a 12 month high of $26.00. The firm has a market cap of $633.61, a P/E ratio of 16.78 and a beta of -0.01.
TPI Composites (NASDAQ:TPIC) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.36. TPI Composites had a net margin of 4.09% and a return on equity of 30.80%. The business had revenue of $243.35 million during the quarter, compared to analysts’ expectations of $252.42 million. During the same period last year, the company posted $0.08 EPS. The company’s revenue was up 22.3% on a year-over-year basis. research analysts predict that TPI Composites will post 1.3 earnings per share for the current year.
A number of research firms have recently issued reports on TPIC. ValuEngine upgraded shares of TPI Composites from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Roth Capital lifted their price target on shares of TPI Composites from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of TPI Composites from a “buy” rating to a “hold” rating in a research report on Wednesday. JMP Securities started coverage on shares of TPI Composites in a research report on Thursday, November 16th. They set an “outperform” rating and a $33.00 price target for the company. Finally, Cowen and Company set a $26.00 price objective on shares of TPI Composites and gave the stock a “buy” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. TPI Composites has a consensus rating of “Buy” and a consensus price target of $27.00.
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About TPI Composites
TPI 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.
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