Brokerages Expect Titan International Inc (TWI) to Post -$0.13 Earnings Per Share
Equities analysts expect Titan International Inc (NYSE:TWI) to announce earnings of ($0.13) per share for the current quarter, according to Zacks. Two analysts have made estimates for Titan International’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.16). Titan International posted earnings of ($0.24) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 45.8%. The business is scheduled to report its next quarterly earnings report on Wednesday, March 21st.
On average, analysts expect that Titan International will report full year earnings of ($0.62) per share for the current financial year, with EPS estimates ranging from ($0.73) to ($0.50). For the next fiscal year, analysts expect that the firm will post earnings of $0.28 per share, with EPS estimates ranging from $0.25 to $0.30. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Titan International.
Titan International (NYSE:TWI) last posted its earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.03. Titan International had a negative return on equity of 9.22% and a negative net margin of 3.19%. The company had revenue of $370.99 million for the quarter, compared to the consensus estimate of $331.30 million. During the same period in the previous year, the business earned ($0.15) earnings per share. Titan International’s quarterly revenue was up 21.2% compared to the same quarter last year.
Shares of Titan International (NYSE:TWI) traded down $0.22 during trading hours on Thursday, hitting $13.28. The stock had a trading volume of 282,500 shares, compared to its average volume of 233,782. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.22 and a quick ratio of 1.28. Titan International has a twelve month low of $7.97 and a twelve month high of $14.31. The stock has a market capitalization of $790.46, a P/E ratio of -16.00 and a beta of 1.82.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $0.005 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.15%. Titan International’s dividend payout ratio is currently -2.41%.
In other Titan International news, CFO James M. Froisland bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average cost of $11.65 per share, for a total transaction of $58,250.00. Following the completion of the purchase, the chief financial officer now owns 5,000 shares of the company’s stock, valued at approximately $58,250. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Paul G. Reitz sold 22,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $10.82, for a total value of $238,040.00. The disclosure for this sale can be found here. 17.80% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC acquired a new position in Titan International in the second quarter valued at $125,000. BNP Paribas Arbitrage SA increased its stake in Titan International by 28.6% in the second quarter. BNP Paribas Arbitrage SA now owns 19,442 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 4,323 shares during the last quarter. Voya Investment Management LLC increased its stake in Titan International by 10.3% in the second quarter. Voya Investment Management LLC now owns 24,230 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 2,266 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in Titan International by 7.1% in the second quarter. Thrivent Financial For Lutherans now owns 29,170 shares of the industrial products company’s stock valued at $350,000 after purchasing an additional 1,940 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Titan International by 0.5% in the second quarter. Wells Fargo & Company MN now owns 30,618 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 87.15% of the company’s stock.
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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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