Equities analysts forecast that Titan Machinery Inc. (NASDAQ:TITN) will post earnings per share (EPS) of ($0.13) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Titan Machinery’s earnings. The lowest EPS estimate is ($0.17) and the highest is ($0.08). Titan Machinery reported earnings per share of ($0.31) in the same quarter last year, which suggests a positive year-over-year growth rate of 58.1%. The company is expected to issue its next earnings results on Thursday, March 29th.
On average, analysts expect that Titan Machinery will report full-year earnings of ($0.19) per share for the current financial year, with EPS estimates ranging from ($0.25) to ($0.12). For the next year, analysts anticipate that the firm will post earnings of $0.25 per share, with EPS estimates ranging from $0.09 to $0.55. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Titan Machinery.
Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.12. The business had revenue of $330.34 million for the quarter, compared to analysts’ expectations of $306.74 million. Titan Machinery had a negative return on equity of 2.29% and a negative net margin of 1.44%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS.
Shares of Titan Machinery (TITN) opened at $22.52 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 0.33 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $497.57, a P/E ratio of -29.25 and a beta of 1.76. Titan Machinery has a 1 year low of $11.68 and a 1 year high of $24.19.
In related news, CEO David Joseph Meyer sold 61,796 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $21.85, for a total value of $1,350,242.60. Following the completion of the transaction, the chief executive officer now directly owns 715,864 shares of the company’s stock, valued at approximately $15,641,628.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.08% of the company’s stock.
A number of hedge funds have recently modified their holdings of TITN. Rhumbline Advisers grew its holdings in Titan Machinery by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 21,909 shares of the company’s stock worth $394,000 after buying an additional 545 shares in the last quarter. Schroder Investment Management Group bought a new position in Titan Machinery during the 2nd quarter valued at $435,000. Franklin Resources Inc. boosted its stake in Titan Machinery by 30.0% during the 2nd quarter. Franklin Resources Inc. now owns 130,000 shares of the company’s stock valued at $2,337,000 after purchasing an additional 30,000 shares in the last quarter. Alliancebernstein L.P. bought a new position in Titan Machinery during the 2nd quarter valued at $1,983,000. Finally, Teachers Advisors LLC boosted its stake in Titan Machinery by 27.0% during the 2nd quarter. Teachers Advisors LLC now owns 44,686 shares of the company’s stock valued at $803,000 after purchasing an additional 9,491 shares in the last quarter. 76.21% of the stock is owned by institutional investors and hedge funds.
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About Titan Machinery
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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