Q1 2024 EPS Estimates for Titan International, Inc. Cut by Analyst (NYSE:TWI)

Titan International, Inc. (NYSE:TWI) – Investment analysts at Sidoti Csr dropped their Q1 2024 earnings per share (EPS) estimates for shares of Titan International in a research report issued to clients and investors on Monday, April 15th. Sidoti Csr analyst S. Ferazani now expects that the industrial products company will earn $0.42 per share for the quarter, down from their prior estimate of $0.44. The consensus estimate for Titan International’s current full-year earnings is $1.42 per share. Sidoti Csr also issued estimates for Titan International’s Q2 2024 earnings at $0.44 EPS, Q4 2024 earnings at $0.21 EPS, Q2 2025 earnings at $0.50 EPS and Q3 2025 earnings at $0.31 EPS.

Separately, TheStreet cut shares of Titan International from a “b-” rating to a “c” rating in a research report on Thursday, February 29th.

Titan International Stock Performance

Shares of Titan International stock opened at $11.45 on Wednesday. The business has a fifty day simple moving average of $12.89 and a two-hundred day simple moving average of $13.35. The firm has a market capitalization of $694.39 million, a P/E ratio of 9.16 and a beta of 2.09. The company has a current ratio of 2.35, a quick ratio of 1.37 and a debt-to-equity ratio of 0.88. Titan International has a 12 month low of $9.23 and a 12 month high of $15.33.

Titan International (NYSE:TWI) last released its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. The company had revenue of $390.20 million for the quarter, compared to analyst estimates of $418.05 million. Titan International had a return on equity of 22.57% and a net margin of 4.32%.

Insider Transactions at Titan International

In other Titan International news, CAO Anthony Eheli sold 2,500 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $12.42, for a total value of $31,050.00. Following the sale, the chief accounting officer now directly owns 52,918 shares of the company’s stock, valued at $657,241.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.30% of the company’s stock.

Institutional Trading of Titan International

Several institutional investors have recently added to or reduced their stakes in TWI. Raymond James & Associates bought a new stake in shares of Titan International in the first quarter worth approximately $795,000. Bank of New York Mellon Corp grew its position in Titan International by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 479,897 shares of the industrial products company’s stock worth $7,069,000 after purchasing an additional 5,399 shares during the period. Citigroup Inc. raised its stake in Titan International by 10.7% during the 1st quarter. Citigroup Inc. now owns 42,647 shares of the industrial products company’s stock valued at $628,000 after buying an additional 4,120 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Titan International by 65.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company’s stock valued at $51,000 after buying an additional 1,388 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of Titan International by 54.0% in the 1st quarter. MetLife Investment Management LLC now owns 27,983 shares of the industrial products company’s stock worth $412,000 after buying an additional 9,811 shares during the last quarter. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.