Titan Machinery Inc. (NASDAQ:TITN) will announce its earnings results before the market opens on Wednesday, November 30th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings data on Thursday, August 25th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.06. The firm had revenue of $278.30 million for the quarter, compared to the consensus estimate of $291.62 million. Titan Machinery had a negative net margin of 3.04% and a negative return on equity of 9.03%. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. On average, analysts expect Titan Machinery to post $-0.43 EPS for the current fiscal year and $-0.03 EPS for the next fiscal year.

Earnings History for Titan Machinery (NASDAQ:TITN)

Shares of Titan Machinery Inc. (NASDAQ:TITN) opened at 12.40 on Monday. The company’s market capitalization is $262.93 million. Titan Machinery Inc. has a 12 month low of $7.87 and a 12 month high of $13.13. The stock’s 50 day moving average is $10.18 and its 200 day moving average is $10.82.

COPYRIGHT VIOLATION WARNING: This article was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this article can be read at https://www.thecerbatgem.com/2016/11/28/titan-machinery-inc-titn-scheduled-to-post-quarterly-earnings-on-wednesday.html.

A number of hedge funds have recently added to or reduced their stakes in TITN. Vanguard Group Inc. increased its stake in Titan Machinery by 3.0% in the second quarter. Vanguard Group Inc. now owns 652,683 shares of the company’s stock valued at $7,278,000 after buying an additional 18,858 shares in the last quarter. BlackRock Fund Advisors increased its stake in Titan Machinery by 9.3% in the third quarter. BlackRock Fund Advisors now owns 501,455 shares of the company’s stock valued at $5,215,000 after buying an additional 42,483 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Titan Machinery by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 462,737 shares of the company’s stock valued at $4,812,000 after buying an additional 1,966 shares during the period. Panagora Asset Management Inc. increased its stake in Titan Machinery by 6.6% in the second quarter. Panagora Asset Management Inc. now owns 362,477 shares of the company’s stock valued at $4,042,000 after buying an additional 22,380 shares during the period. Finally, Northern Trust Corp increased its stake in Titan Machinery by 1.6% in the third quarter. Northern Trust Corp now owns 210,588 shares of the company’s stock valued at $2,190,000 after buying an additional 3,245 shares during the period. 84.12% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of Titan Machinery from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st.

About Titan Machinery

Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.

5 Day Chart for NASDAQ:TITN

Receive News & Stock Ratings for Titan Machinery Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan Machinery Inc. and related stocks with our FREE daily email newsletter.