TPI Composites (TPIC) Projected to Post Quarterly Earnings on Thursday

TPI Composites (NASDAQ:TPIC - Get Free Report) is projected to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect TPI Composites to post earnings of ($0.15) per share and revenue of $364.83 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

TPI Composites Price Performance

NASDAQ:TPIC remained flat at $1.32 during mid-day trading on Friday. 590,529 shares of the company traded hands, compared to its average volume of 812,274. The firm has a market cap of $62.78 million, a P/E ratio of -0.35 and a beta of 1.82. The company has a fifty day simple moving average of $1.57 and a two-hundred day simple moving average of $2.86. TPI Composites has a 52-week low of $1.10 and a 52-week high of $5.75.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America decreased their price target on shares of TPI Composites from $7.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Morgan Stanley reissued an "underweight" rating and set a $2.00 price target (down from $4.00) on shares of TPI Composites in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of TPI Composites in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $4.58.

TPI Composites Company Profile

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.