News headlines about Titan International (NYSE:TWI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Titan International earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.811399483871 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
TWI has been the subject of a number of research reports. ValuEngine raised Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Zacks Investment Research raised Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Jefferies Group reissued a “hold” rating and issued a $12.00 price target on shares of Titan International in a report on Sunday, November 5th. Finally, TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a research report on Monday, November 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Titan International presently has an average rating of “Hold” and a consensus price target of $12.00.
Shares of Titan International (TWI) traded down $0.36 on Friday, hitting $12.98. The company had a trading volume of 211,351 shares, compared to its average volume of 226,640. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.22 and a quick ratio of 1.28. The stock has a market capitalization of $796.57, a PE ratio of -15.64 and a beta of 1.73. Titan International has a 52-week low of $7.97 and a 52-week high of $14.31.
Titan International (NYSE:TWI) last issued its earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. Titan International had a negative return on equity of 9.22% and a negative net margin of 3.19%. The company had revenue of $370.99 million during the quarter, compared to analysts’ expectations of $331.30 million. During the same period in the prior year, the business earned ($0.15) EPS. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. sell-side analysts predict that Titan International will post -0.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, December 28th. Titan International’s dividend payout ratio (DPR) is presently -2.41%.
In related news, CEO Paul G. Reitz sold 22,000 shares of the stock in a transaction dated Friday, November 17th. The stock was 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 SEC, which is accessible through this hyperlink. Also, CFO James M. Froisland bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average cost of $11.65 per share, for a total transaction of $58,250.00. Following the purchase, the chief financial officer now owns 5,000 shares in the company, valued at approximately $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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