Analysts Anticipate Titan International Inc (TWI) Will Announce Quarterly Sales of $350.80 Million

Analysts expect Titan International Inc (NYSE:TWI) to announce sales of $350.80 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Titan International’s earnings, with the highest sales estimate coming in at $367.00 million and the lowest estimate coming in at $334.60 million. Titan International posted sales of $307.29 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.2%. The company is expected to announce its next earnings results on Wednesday, March 21st.

According to Zacks, analysts expect that Titan International will report full year sales of $350.80 million for the current fiscal year, with estimates ranging from $1.43 billion to $1.46 billion. For the next fiscal year, analysts expect that the company will post sales of $0.00 per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Titan International.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. 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 prior year, the firm posted ($0.15) EPS. Titan International’s revenue for the quarter was up 21.2% on a year-over-year basis.

Several brokerages recently commented on TWI. Zacks Investment Research raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research report on Monday, November 6th. Jefferies Group reissued a “hold” rating and set a $12.00 price objective on shares of Titan International in a research report on Sunday, November 5th. Finally, ValuEngine raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.00.

Shares of Titan International (TWI) opened at $13.50 on Friday. Titan International has a 1 year low of $7.97 and a 1 year high of $14.31. The company has a market cap of $790.01, a PE ratio of -16.27 and a beta of 1.82. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.28 and a current ratio of 2.22.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Thursday, December 28th. Titan International’s dividend payout ratio (DPR) is -2.41%.

In other news, CEO Paul G. Reitz sold 22,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $10.82, for a total transaction of $238,040.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO James M. Froisland purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were bought at an average cost of $11.65 per share, for a total transaction of $58,250.00. Following the acquisition, the chief financial officer now owns 5,000 shares in the company, valued at $58,250. The disclosure for this purchase can be found here. Corporate insiders own 17.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Titan International by 8.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 524,719 shares of the industrial products company’s stock valued at $6,759,000 after acquiring an additional 41,909 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Titan International by 3.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,075,326 shares of the industrial products company’s stock valued at $41,364,000 after acquiring an additional 152,773 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Titan International by 66.5% during the 3rd quarter. Wells Fargo & Company MN now owns 50,988 shares of the industrial products company’s stock valued at $518,000 after acquiring an additional 20,370 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Titan International by 6.3% during the 3rd quarter. Legal & General Group Plc now owns 91,601 shares of the industrial products company’s stock valued at $930,000 after acquiring an additional 5,459 shares during the last quarter. Finally, Cortina Asset Management LLC boosted its holdings in shares of Titan International by 32.0% during the 3rd quarter. Cortina Asset Management LLC now owns 626,696 shares of the industrial products company’s stock valued at $6,361,000 after acquiring an additional 152,054 shares during the last quarter. 87.15% of the stock is currently owned by hedge funds and other institutional investors.

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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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