Somewhat Favorable Media Coverage Very Likely to Affect Titan International (TWI) Stock Price
Media headlines about Titan International (NYSE:TWI) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Titan International earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 84 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the near future.
Shares of Titan International (NYSE:TWI) traded up 2.21% during midday trading on Friday, reaching $12.50. The company’s stock had a trading volume of 285,757 shares. The stock’s market cap is $745.71 million. The stock has a 50-day moving average price of $11.17 and a 200-day moving average price of $11.32. Titan International has a 52-week low of $5.97 and a 52-week high of $14.23.
Titan International (NYSE:TWI) last announced its earnings results on Thursday, May 4th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.09. Titan International had a negative return on equity of 11.22% and a negative net margin of 3.12%. The firm had revenue of $357.50 million during the quarter, compared to the consensus estimate of $332.14 million. During the same period in the prior year, the company posted ($0.33) EPS. The firm’s revenue was up 11.1% on a year-over-year basis. Equities research analysts anticipate that Titan International will post ($0.07) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Wednesday, June 28th. Titan International’s dividend payout ratio is currently -2.78%.
TWI has been the subject of a number of analyst reports. Zacks Investment Research upgraded Titan International from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Friday, June 30th. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a research report on Friday, June 30th. Sidoti upgraded Titan International from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 18th. Finally, Jefferies Group LLC restated an “underperform” rating and set a $14.00 price objective (up from $11.50) on shares of Titan International in a research report on Friday, April 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.00.
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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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