Titan Machinery (NASDAQ:TITN) Updates FY25 Earnings Guidance

Titan Machinery (NASDAQ:TITN – Get Rating) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of $4.50-5.10 for the period, compared to the consensus earnings per share estimate of $4.98.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TITN shares. StockNews.com assumed coverage on shares of Titan Machinery in a research report on Thursday, May 18th. They set a hold rating on the stock. Robert W. Baird cut their price target on Titan Machinery from $40.00 to $30.00 and set a neutral rating on the stock in a research note on Thursday, March 16th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $43.67.

Titan Machinery Stock Performance

Shares of NASDAQ:TITN opened at $34.75 on Thursday. The firm has a market capitalization of $787.44 million, a PE ratio of 7.72 and a beta of 1.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 0.33. Titan Machinery has a 12 month low of $21.50 and a 12 month high of $47.87. The business has a 50-day moving average of $30.93 and a two-hundred day moving average of $37.43.

Titan Machinery (NASDAQ:TITN – Get Rating) last issued its quarterly earnings data on Thursday, March 16th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.26). The firm had revenue of $583.00 million during the quarter, compared to analyst estimates of $692.90 million. Titan Machinery had a return on equity of 20.81% and a net margin of 4.61%. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, research analysts forecast that Titan Machinery will post 4.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Stan K. Erickson purchased 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The stock was acquired at an average price of $29.67 per share, with a total value of $89,010.00. Following the completion of the transaction, the director now owns 39,031 shares of the company’s stock, valued at $1,158,049.77. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.04% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TITN. Coppell Advisory Solutions Corp. bought a new stake in shares of Titan Machinery during the fourth quarter valued at approximately $41,000. ICA Group Wealth Management LLC acquired a new position in shares of Titan Machinery in the 4th quarter valued at $49,000. Quarry LP lifted its position in shares of Titan Machinery by 204.2% in the 1st quarter. Quarry LP now owns 1,597 shares of the company’s stock valued at $49,000 after acquiring an additional 1,072 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Titan Machinery during the first quarter valued at $54,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Titan Machinery in the second quarter worth approximately $161,000. Institutional investors own 81.30% of the company’s stock.

About Titan Machinery

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Titan Machinery, Inc engages in the management of agricultural and construction equipment stores. It operates through the following segments: Agriculture, Construction and International. The Agriculture segment sells services and rents machinery and related parts and attachments, for uses from large-scale farming to home and garden use in North America.