Media coverage about TPI Composites (NASDAQ:TPIC) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing 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 news sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.2453689193502 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Zacks Investment Research Downgrades TPI Composites (TPIC) to Sell (americanbankingnews.com)
- $244.90 Million in Sales Expected for TPI Composites Inc (TPIC) This Quarter (americanbankingnews.com)
- TPI Composites (TPIC) Lowered to Hold at BidaskClub (americanbankingnews.com)
- TPI Composites Inc (TPIC) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
A number of equities analysts have recently weighed in on the company. BidaskClub upgraded TPI Composites from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. ValuEngine upgraded TPI Composites from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research downgraded TPI Composites from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. JMP Securities initiated coverage on TPI Composites in a research note on Thursday, November 16th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, Canaccord Genuity lifted their price target on shares of TPI Composites from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $27.00.
TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.36. The company had revenue of $243.35 million for the quarter, compared to analysts’ expectations of $252.42 million. TPI Composites had a net margin of 4.09% and a return on equity of 30.80%. TPI Composites’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. analysts expect that TPI Composites will post 1.3 earnings per share for the current fiscal year.
In other TPI Composites news, Director Daniel G. Weiss sold 51,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $19.14, for a total transaction of $976,140.00. Following the sale, the director now owns 2,880 shares of the company’s stock, valued at approximately $55,123.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Investors L. P. Angeleno II sold 32,388 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $18.79, for a total transaction of $608,570.52. The disclosure for this sale can be found here. Insiders own 73.70% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece was reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2018/01/12/tpi-composites-tpic-earns-daily-news-sentiment-score-of-0-18.html.
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.
Receive News & Ratings for TPI Composites Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPI Composites and related companies with MarketBeat.com's FREE daily email newsletter.