Equities research analysts expect Titan International Inc (NYSE:TWI) to announce earnings per share (EPS) of $0.02 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Titan International’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.01). Titan International posted earnings per share of ($0.09) during the same quarter last year, which indicates a positive year over year growth rate of 122.2%. The firm is scheduled to issue its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Titan International will report full-year earnings of $0.23 per share for the current financial year, with EPS estimates ranging from $0.18 to $0.28. For the next fiscal year, analysts expect that the firm will report earnings of $0.45 per share, with EPS estimates ranging from $0.25 to $0.65. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Titan International.
Titan International (NYSE:TWI) last released its earnings results on Friday, August 3rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.16). Titan International had a negative net margin of 1.47% and a positive return on equity of 3.38%. The business had revenue of $428.90 million for the quarter, compared to analyst estimates of $427.32 million. During the same period in the prior year, the company earned ($0.17) earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis.
A number of research firms have recently issued reports on TWI. ValuEngine upgraded shares of Titan International from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Titan International from a “strong sell” rating to a “hold” rating in a report on Friday, October 12th. TheStreet lowered shares of Titan International from a “c” rating to a “d+” rating in a report on Thursday, August 23rd. William Blair lowered shares of Titan International from an “outperform” rating to a “market perform” rating and set a $21.00 price target on the stock. in a report on Friday, August 3rd. Finally, Jefferies Financial Group cut their price target on shares of Titan International from $12.00 to $8.50 and set a “hold” rating on the stock in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Titan International has an average rating of “Hold” and an average target price of $14.50.
TWI stock opened at $7.02 on Friday. Titan International has a 12 month low of $6.71 and a 12 month high of $14.53. The company has a quick ratio of 1.14, a current ratio of 2.05 and a debt-to-equity ratio of 1.37. The company has a market cap of $433.06 million, a P/E ratio of -14.33 and a beta of 1.52.
The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.005 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.28%. Titan International’s dividend payout ratio is currently -4.08%.
In related news, CFO David A. Martin acquired 20,000 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were purchased at an average price of $7.21 per share, for a total transaction of $144,200.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maurice M. Taylor, Jr. acquired 100,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was bought at an average price of $7.20 per share, for a total transaction of $720,000.00. Following the purchase, the director now owns 549,870 shares in the company, valued at approximately $3,959,064. The disclosure for this purchase can be found here. 17.30% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Titan International in the 2nd quarter valued at approximately $113,000. Bayesian Capital Management LP acquired a new position in Titan International in the 1st quarter valued at approximately $130,000. Dynamic Technology Lab Private Ltd acquired a new position in Titan International in the 1st quarter valued at approximately $141,000. Paloma Partners Management Co acquired a new position in Titan International in the 2nd quarter valued at approximately $149,000. Finally, SG Americas Securities LLC acquired a new position in Titan International in the 2nd quarter valued at approximately $189,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.
Titan International Company Profile
Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the United States and internationally. It operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.
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