Analysts Anticipate Titan International, Inc. (TWI) to Announce $0.01 EPS
Wall Street brokerages expect Titan International, Inc. (NYSE:TWI) to announce earnings per share of $0.01 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Titan International’s earnings. The highest EPS estimate is $0.02 and the lowest is $0.00. Titan International posted earnings per share of ($0.18) during the same quarter last year, which would suggest a positive year over year growth rate of 105.6%. The firm is scheduled to report its next earnings results on Thursday, November 2nd.
On average, analysts expect that Titan International will report full year earnings of ($0.26) per share for the current financial year, with EPS estimates ranging from ($0.30) to ($0.21). For the next year, analysts expect that the business will post earnings of $0.33 per share, with EPS estimates ranging from $0.15 to $0.50. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Titan International.
Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by $0.18. The company had revenue of $364.40 million for the quarter, compared to analyst estimates of $352.13 million. Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS.
Several research firms have recently issued reports on TWI. ValuEngine cut Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. BidaskClub raised Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, TheStreet raised Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.00.
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Several hedge funds and other institutional investors have recently made changes to their positions in TWI. State of Alaska Department of Revenue increased its position in shares of Titan International by 94.8% in the second quarter. State of Alaska Department of Revenue now owns 9,447 shares of the industrial products company’s stock worth $113,000 after buying an additional 4,597 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Titan International by 17.7% in the first quarter. Mason Street Advisors LLC now owns 11,264 shares of the industrial products company’s stock worth $116,000 after buying an additional 1,696 shares during the last quarter. Stifel Financial Corp increased its position in shares of Titan International by 0.9% in the first quarter. Stifel Financial Corp now owns 11,363 shares of the industrial products company’s stock worth $119,000 after buying an additional 104 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Titan International during the second quarter worth about $125,000. Finally, IndexIQ Advisors LLC increased its position in shares of Titan International by 0.6% in the second quarter. IndexIQ Advisors LLC now owns 11,723 shares of the industrial products company’s stock worth $141,000 after buying an additional 66 shares during the last quarter. 86.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Titan International (NYSE TWI) traded down 0.35% during mid-day trading on Tuesday, hitting $8.55. 93,688 shares of the stock traded hands. The firm’s 50-day moving average is $10.50 and its 200-day moving average is $11.07. The stock’s market cap is $510.44 million. Titan International has a 52 week low of $7.97 and a 52 week high of $14.23.
Titan International Company Profile
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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