Titan International, Inc. (TWI) Expected to Post Earnings of $0.01 Per Share
Analysts expect that Titan International, Inc. (NYSE:TWI) will post $0.01 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have provided estimates for Titan International’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at $0.00. Titan International posted earnings of ($0.18) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 105.6%. The business is expected to issue its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Titan International will report full-year earnings of ($0.26) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to ($0.21). For the next fiscal year, analysts forecast that the business will report earnings of $0.33 per share, with EPS estimates ranging from $0.15 to $0.50. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Titan International.
Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.18. Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The company had revenue of $364.40 million for the quarter, compared to analysts’ expectations of $352.13 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis.
Several brokerages have issued reports on TWI. BidaskClub lowered Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine lowered Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, TheStreet raised Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.00.
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Shares of Titan International (TWI) traded up 0.36% on Tuesday, reaching $8.39. 102,990 shares of the company were exchanged. Titan International has a 12 month low of $7.97 and a 12 month high of $14.23. The stock’s market capitalization is $500.88 million. The stock has a 50 day moving average price of $10.92 and a 200-day moving average price of $11.20.
Several large investors have recently added to or reduced their stakes in TWI. State of Alaska Department of Revenue increased its stake in 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 in the last quarter. Mason Street Advisors LLC increased its stake in 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 in the last quarter. Stifel Financial Corp increased its stake in 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 in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Titan International during the second quarter valued at approximately $125,000. Finally, IndexIQ Advisors LLC increased its stake in Titan International by 0.6% in the second quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock valued at $141,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 86.13% of the company’s stock.
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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