Titan International, Inc. (TWI) to Release Earnings on Wednesday
Titan International, Inc. (NYSE:TWI) is scheduled to release its earnings data before the market opens on Wednesday, November 1st.
Titan International (NYSE:TWI) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $352.13 million. During the same period last year, the firm earned ($0.04) earnings per share. Titan International’s revenue was up 10.4% on a year-over-year basis. On average, analysts expect Titan International to post $-0.55 EPS for the current fiscal year and $0.15 EPS for the next fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a dividend of $0.005 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.02 annualized dividend and a yield of 0.20%. Titan International’s payout ratio is -2.44%.
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TWI has been the topic of several research analyst reports. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. BidaskClub raised shares of Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine cut shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $10.50 price objective on shares of Titan International in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Titan International presently has an average rating of “Hold” and an average target price of $12.75.
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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