Somewhat Positive Press Coverage Somewhat Unlikely to Impact Titan Machinery (TITN) Share Price

News stories about Titan Machinery (NASDAQ:TITN) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Titan Machinery earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.2575361100189 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

TITN stock traded down $0.21 on Friday, hitting $21.17. 103,192 shares of the company’s stock traded hands, compared to its average volume of 263,597. Titan Machinery has a 1-year low of $11.68 and a 1-year high of $25.09. The firm has a market cap of $467.90, a PE ratio of -176.42 and a beta of 1.45. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.83 and a quick ratio of 0.39.

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Titan Machinery (NASDAQ:TITN) last released its earnings results on Thursday, March 29th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.04. The business had revenue of $339.61 million during the quarter, compared to analyst estimates of $315.08 million. Titan Machinery had a negative net margin of 0.59% and a negative return on equity of 0.89%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.31) earnings per share. sell-side analysts expect that Titan Machinery will post 0.32 earnings per share for the current year.

A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Titan Machinery from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. William Blair reaffirmed a “hold” rating on shares of Titan Machinery in a research note on Wednesday, April 4th. Zacks Investment Research lowered shares of Titan Machinery from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, Robert W. Baird set a $26.00 price target on shares of Titan Machinery and gave the stock a “buy” rating in a research note on Thursday, March 29th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.

In other Titan Machinery news, COO Bryan J. Knutson sold 2,374 shares of the firm’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $23.91, for a total value of $56,762.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.08% of the company’s stock.

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About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment comprising agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.

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