Equities analysts expect that Titan International, Inc. (NYSE:TWI) will announce sales of $355.05 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Titan International’s earnings, with the lowest sales estimate coming in at $355.00 million and the highest estimate coming in at $355.10 million. Titan International posted sales of $330.21 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The business is scheduled to issue its next earnings report before the market opens on Thursday, August 3rd.

According to Zacks, analysts expect that Titan International will report full-year sales of $355.05 million for the current fiscal year, with estimates ranging from $1.28 billion to $1.37 billion. For the next financial year, analysts forecast that the firm will post sales of $1.41 billion per share, with estimates ranging from $1.35 billion to $1.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Titan International.

Titan International (NYSE:TWI) last announced its earnings results on Thursday, May 4th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.09. The business had revenue of $357.50 million for the quarter, compared to analysts’ expectations of $332.14 million. Titan International had a negative return on equity of 11.22% and a negative net margin of 3.12%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.33) earnings per share.

Several equities research analysts recently issued reports on TWI shares. Sidoti raised Titan International from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 18th. Jefferies Group LLC reissued an “underperform” rating and set a $14.00 price target (up from $11.50) on shares of Titan International in a research report on Friday, April 14th. Zacks Investment Research lowered Titan International from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, TheStreet raised Titan International from a “d+” rating to a “c-” rating in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $14.00.

Titan International (NYSE TWI) opened at 12.14 on Friday. Titan International has a 12 month low of $5.98 and a 12 month high of $14.23. The stock’s 50 day moving average is $11.90 and its 200-day moving average is $11.41. The stock’s market capitalization is $724.24 million.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.16%. The ex-dividend date was Wednesday, June 28th. Titan International’s dividend payout ratio is currently -2.78%.

A number of large investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Titan International during the fourth quarter valued at $580,000. Comerica Bank raised its stake in shares of Titan International by 5.2% in the fourth quarter. Comerica Bank now owns 46,408 shares of the industrial products company’s stock valued at $491,000 after buying an additional 2,310 shares in the last quarter. State Street Corp raised its stake in shares of Titan International by 7.0% in the fourth quarter. State Street Corp now owns 968,171 shares of the industrial products company’s stock valued at $10,852,000 after buying an additional 62,930 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Titan International by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,281,067 shares of the industrial products company’s stock valued at $36,781,000 after buying an additional 527,385 shares in the last quarter. Finally, FMR LLC bought a new stake in shares of Titan International during the fourth quarter valued at $3,443,000. 85.16% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Titan International, Inc. (NYSE:TWI) Expected to Announce Quarterly Sales of $355.05 Million” was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/07/23/titan-international-inc-nysetwi-expected-to-announce-quarterly-sales-of-355-05-million.html.

About Titan International

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

Get a free copy of the Zacks research report on Titan International (TWI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Titan International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.