Titan International, Inc. (TWI) Scheduled to Post Quarterly Earnings on Wednesday
Titan International, Inc. (NYSE:TWI) is scheduled to announce its earnings results before the market opens on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.09 per share for the quarter.
Titan International (NYSE:TWI) last released its earnings results on Thursday, May 4th. The industrial products company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.09. The business had revenue of $357.50 million during the quarter, compared to the consensus estimate of $332.14 million. Titan International had a negative net margin of 3.12% and a negative return on equity of 11.22%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business posted ($0.33) EPS. On average, analysts expect Titan International to post $-0.07 EPS for the current fiscal year and $0.30 EPS for the next fiscal year.
Titan International, Inc. (TWI) opened at 12.45 on Wednesday. The company’s market cap is $742.73 million. Titan International, Inc. has a 52-week low of $6.05 and a 52-week high of $14.23. The company has a 50-day moving average of $11.97 and a 200-day moving average of $11.41.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a dividend of $0.005 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.16%. Titan International’s dividend payout ratio (DPR) is presently -2.78%.
TWI has been the subject of a number of recent research reports. Sidoti upgraded shares of Titan International from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 18th. Jefferies Group LLC restated an “underperform” rating and set a $14.00 price target (up previously from $11.50) on shares of Titan International in a research note on Friday, April 14th. Zacks Investment Research lowered shares of Titan International from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Titan International currently has an average rating of “Buy” and an average target price of $14.00.
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Titan International Company Profile
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.
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