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.

A number of research firms have weighed in on TITN. BidaskClub downgraded Titan Machinery from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Piper Jaffray Companies set a $18.00 target price on Titan Machinery and gave the company a “hold” rating in a research report on Friday, August 4th. Robert W. Baird set a $18.00 price target on Titan Machinery and gave the stock a “buy” rating in a report on Thursday, August 24th. ValuEngine cut Titan Machinery from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered Titan Machinery from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.00.

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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.

Earnings History for Titan Machinery (NASDAQ:TITN)

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