Titan International Inc (NYSE:TWI) has received an average recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $14.00.
A number of research firms recently commented on TWI. Zacks Investment Research lowered Titan International from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. William Blair reaffirmed an “outperform” rating on shares of Titan International in a research report on Friday, February 23rd.
Several institutional investors have recently made changes to their positions in TWI. Oppenheimer & Co. Inc. purchased a new stake in shares of Titan International during the 4th quarter valued at $135,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Titan International during the 4th quarter valued at $216,000. Teacher Retirement System of Texas purchased a new stake in shares of Titan International during the 4th quarter valued at $223,000. BNP Paribas Arbitrage SA increased its position in shares of Titan International by 40.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 27,304 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 7,862 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Titan International during the 4th quarter valued at $292,000. 86.76% of the stock is owned by hedge funds and other institutional investors.
NYSE TWI opened at $12.04 on Thursday. The firm has a market capitalization of $720.12, a P/E ratio of -24.57 and a beta of 1.69. Titan International has a 12 month low of $7.97 and a 12 month high of $14.53. The company has a quick ratio of 1.19, a current ratio of 2.10 and a debt-to-equity ratio of 1.31.
Titan International (NYSE:TWI) last released its quarterly earnings results on Friday, February 23rd. The industrial products company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.03. The business had revenue of $376.03 million during the quarter, compared to analyst estimates of $364.77 million. Titan International had a negative return on equity of 6.94% and a negative net margin of 4.31%. Titan International’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.25) EPS. equities analysts expect that Titan International will post 0.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Wednesday, March 28th. Titan International’s dividend payout ratio is presently -4.08%.
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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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