Equities research analysts expect that Titan Machinery Inc. (NASDAQ:TITN) will announce $261.13 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Titan Machinery’s earnings, with the lowest sales estimate coming in at $259.90 million and the highest estimate coming in at $262.90 million. Titan Machinery reported sales of $278.33 million during the same quarter last year, which would suggest a negative year over year growth rate of 6.2%. The firm is expected to announce its next earnings results before the market opens on Thursday, August 31st.

According to Zacks, analysts expect that Titan Machinery will report full-year sales of $261.13 million for the current financial year, with estimates ranging from $1.12 billion to $1.15 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.15 billion per share, with estimates ranging from $1.12 billion to $1.19 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Titan Machinery.

TITN has been the subject of several recent research reports. Robert W. Baird set a $18.00 price target on Titan Machinery and gave the stock a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research raised Titan Machinery from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, June 30th. BidaskClub downgraded Titan Machinery from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. ValuEngine raised Titan Machinery from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $18.00 price target on Titan Machinery and gave the stock a “hold” rating in a research report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.50.

Shares of Titan Machinery (NASDAQ TITN) opened at 15.54 on Thursday. Titan Machinery has a 12 month low of $8.68 and a 12 month high of $19.22. The company has a 50-day moving average price of $17.22 and a 200-day moving average price of $15.98. The company’s market capitalization is $332.12 million.

Several large investors have recently bought and sold shares of TITN. FMR LLC boosted its stake in Titan Machinery by 1.0% in the first quarter. FMR LLC now owns 3,267,132 shares of the company’s stock valued at $50,118,000 after buying an additional 33,148 shares during the period. JPMorgan Chase & Co. boosted its stake in Titan Machinery by 0.5% in the second quarter. JPMorgan Chase & Co. now owns 1,221,293 shares of the company’s stock valued at $21,959,000 after buying an additional 6,594 shares during the period. Dimensional Fund Advisors LP boosted its stake in Titan Machinery by 16.3% in the second quarter. Dimensional Fund Advisors LP now owns 977,624 shares of the company’s stock valued at $17,577,000 after buying an additional 136,914 shares during the period. Rutabaga Capital Management LLC MA boosted its stake in Titan Machinery by 42.4% in the first quarter. Rutabaga Capital Management LLC MA now owns 740,338 shares of the company’s stock valued at $11,357,000 after buying an additional 220,588 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Titan Machinery by 3.4% in the second quarter. Vanguard Group Inc. now owns 738,459 shares of the company’s stock valued at $13,277,000 after buying an additional 24,232 shares during the period. Institutional investors and hedge funds own 77.45% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Zacks: Brokerages Expect Titan Machinery Inc. (TITN) Will Post Quarterly Sales of $261.13 Million” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/08/31/zacks-brokerages-expect-titan-machinery-inc-titn-will-post-quarterly-sales-of-261-13-million.html.

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.

Get a free copy of the Zacks research report on Titan Machinery (TITN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Titan Machinery (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.