TPI Composites (NASDAQ:TPIC - Get Free Report) posted its quarterly earnings results on Thursday. The industrial products company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.66), Zacks reports. The company had revenue of $346.51 million during the quarter, compared to the consensus estimate of $364.83 million. TPI Composites updated its FY 2025 guidance to EPS.
TPI Composites Stock Performance
Shares of TPIC stock traded down $0.01 on Friday, reaching $1.46. The stock had a trading volume of 3,147,086 shares, compared to its average volume of 742,429. The stock has a market cap of $69.20 million, a P/E ratio of -0.29 and a beta of 1.82. TPI Composites has a 1 year low of $1.10 and a 1 year high of $5.75. The company has a 50 day simple moving average of $1.57 and a 200 day simple moving average of $2.80.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on TPIC. Bank of America cut their price target on TPI Composites from $7.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Roth Mkm cut their price target on TPI Composites from $2.75 to $1.50 and set a "neutral" rating on the stock in a research note on Friday. Morgan Stanley restated an "underweight" rating and issued a $2.00 price target (down previously from $4.00) on shares of TPI Composites in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating on shares of TPI Composites in a research note on Thursday, December 12th. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.20.
Check Out Our Latest Report on TPIC
About TPI Composites
(
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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.
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