Media headlines about TPI Composites (NASDAQ:TPIC) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TPI Composites earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.3584489618482 out of 100, meaning that recent press 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 impacted Accern Sentiment Analysis’s analysis:
- Zacks: Brokerages Anticipate TPI Composites Inc (TPIC) Will Announce Quarterly Sales of $223.43 Million (americanbankingnews.com)
- Insider Selling: TPI Composites Inc (TPIC) Major Shareholder Sells 100,000 Shares of Stock (americanbankingnews.com)
- Investors L. P. Angeleno II Sells 50,426 Shares of TPI Composites Inc (TPIC) Stock (americanbankingnews.com)
- Daniel G. Weiss Sells 200,000 Shares of TPI Composites Inc (TPIC) Stock (americanbankingnews.com)
- UBS Group Begins Coverage on TPI Composites (TPIC) (americanbankingnews.com)
Several equities research analysts recently commented on TPIC shares. BidaskClub cut TPI Composites from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Zacks Investment Research raised TPI Composites from a “sell” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, January 23rd. Craig Hallum began coverage on TPI Composites in a report on Tuesday, January 16th. They issued a “buy” rating and a $33.00 target price on the stock. Canaccord Genuity reissued a “buy” rating and issued a $26.00 target price on shares of TPI Composites in a report on Tuesday, March 6th. Finally, ValuEngine downgraded TPI Composites from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $26.89.
TPI Composites (NASDAQ:TPIC) last posted its earnings results on Thursday, March 8th. The industrial products company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). TPI Composites had a net margin of 4.70% and a return on equity of 31.56%. The firm had revenue of $247.10 million during the quarter, compared to the consensus estimate of $249.00 million. During the same period in the prior year, the company posted ($0.07) EPS. The firm’s revenue was up 33.1% compared to the same quarter last year. equities research analysts forecast that TPI Composites will post 0.38 EPS for the current year.
In other news, Director Daniel G. Weiss sold 200,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $22.54, for a total value of $4,508,000.00. Following the transaction, the director now owns 2,880 shares of the company’s stock, valued at $64,915.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Investors L. P. Angeleno II sold 50,426 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $22.91, for a total value of $1,155,259.66. Following the completion of the transaction, the insider now directly owns 2,880 shares in the company, valued at approximately $65,980.80. The disclosure for this sale can be found here. Insiders sold 350,426 shares of company stock worth $7,898,260 in the last ninety days. Corporate insiders own 73.70% of the company’s stock.
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TPI Composites Company Profile
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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