Titan Machinery (TITN) Issues Quarterly Earnings Results
Titan Machinery (NASDAQ:TITN) posted its earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.12, Bloomberg Earnings reports. The business had revenue of $330.34 million for the quarter, compared to analyst estimates of $306.74 million. Titan Machinery had a negative net margin of 1.61% and a negative return on equity of 3.69%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) EPS.
Shares of Titan Machinery (NASDAQ:TITN) opened at $19.00 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.74 and a quick ratio of 0.37. Titan Machinery has a 12-month low of $11.68 and a 12-month high of $20.50.
In related news, Director Stan K. Erickson purchased 8,302 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average cost of $12.50 per share, with a total value of $103,775.00. Following the purchase, the director now owns 13,495 shares of the company’s stock, valued at approximately $168,687.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.08% of the company’s stock.
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Titan Machinery Company Profile
Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.
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