News articles about Titan International (NYSE:TWI) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Titan International earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.811399483871 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
TWI has been the subject of a number of research reports. ValuEngine raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Jefferies Group reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Titan International in a research note on Sunday, November 5th. Finally, TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research note on Monday, November 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.00.
Shares of Titan International (NYSE TWI) opened at $13.23 on Friday. Titan International has a 12 month low of $7.97 and a 12 month high of $14.31. The stock has a market cap of $792.99, a price-to-earnings ratio of -15.94 and a beta of 1.82. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 1.17.
Titan International (NYSE:TWI) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $331.30 million. During the same period in the prior year, the business posted ($0.15) EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. analysts forecast that Titan International will post -0.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a dividend of $0.005 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.15%. Titan International’s dividend payout ratio is currently -2.41%.
In related news, 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 transaction of $238,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James M. Froisland purchased 5,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average price of $11.65 per share, with a total value of $58,250.00. Following the completion of the acquisition, the chief financial officer now directly 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.
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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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