William Blair Comments on Titan International, Inc.’s Q4 2017 Earnings (TWI)
Titan International, Inc. (NYSE:TWI) – Equities research analysts at William Blair increased their Q4 2017 earnings per share estimates for shares of Titan International in a report released on Thursday. William Blair analyst L. De. Maria now anticipates that the industrial products company will earn $0.05 per share for the quarter, up from their prior estimate of $0.04.
Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.18. The firm had revenue of $364.40 million during the quarter, compared to the consensus estimate of $352.13 million. Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. Titan International’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) EPS.
A number of other equities research analysts have also weighed in on TWI. BidaskClub upgraded Titan International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered Titan International from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a research report on Friday, June 30th. Jefferies Group LLC restated an “underperform” rating and set a $14.00 price objective (up previously from $11.50) on shares of Titan International in a research report on Friday, April 14th. Finally, Sidoti upgraded Titan International from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Titan International currently has a consensus rating of “Buy” and a consensus target price of $14.00.
Titan International (NYSE TWI) opened at 11.32 on Monday. The company has a 50-day moving average price of $12.14 and a 200 day moving average price of $11.50. The company’s market cap is $675.32 million. Titan International has a 12-month low of $7.79 and a 12-month high of $14.23.
Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its stake in shares of Titan International by 94.8% in the second quarter. State of Alaska Department of Revenue now owns 9,447 shares of the industrial products company’s stock valued at $113,000 after buying an additional 4,597 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Titan International by 17.7% in the first quarter. Mason Street Advisors LLC now owns 11,264 shares of the industrial products company’s stock valued at $116,000 after buying an additional 1,696 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Titan International by 0.9% in the first quarter. Stifel Financial Corp now owns 11,363 shares of the industrial products company’s stock valued at $119,000 after buying an additional 104 shares during the last quarter. Stokes & Hubbell Capital Management LLC acquired a new stake in shares of Titan International during the first quarter valued at approximately $124,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Titan International during the first quarter valued at approximately $170,000. Hedge funds and other institutional investors own 85.35% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a $0.005 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.18%. Titan International’s dividend payout ratio (DPR) is presently -2.44%.
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.
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