Somewhat Positive Media Coverage Somewhat Unlikely to Impact Titan Machinery (TITN) Stock Price
News stories about Titan Machinery (NASDAQ:TITN) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Titan Machinery earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.740030695285 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Titan Machinery (TITN) traded up $0.01 on Monday, reaching $14.46. 7,941 shares of the company’s stock were exchanged, compared to its average volume of 123,470. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.37 and a current ratio of 1.74. Titan Machinery has a 1 year low of $8.70 and a 1 year high of $19.22.
Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, August 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The company had revenue of $268.87 million during the quarter, compared to analyst estimates of $260.08 million. Titan Machinery had a negative net margin of 1.61% and a negative return on equity of 3.69%. The company’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.12) earnings per share. sell-side analysts anticipate that Titan Machinery will post -0.22 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on TITN shares. BidaskClub downgraded shares of Titan Machinery from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Robert W. Baird set a $18.00 price objective on shares of Titan Machinery and gave the stock a “buy” rating in a research note on Thursday, August 24th. Piper Jaffray Companies set a $18.00 price objective on shares of Titan Machinery and gave the stock a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded shares of Titan Machinery from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, ValuEngine upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.00.
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In related news, Director Stan K. Erickson purchased 8,302 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average cost of $12.50 per share, with a total value of $103,775.00. Following the completion of the acquisition, the director now directly owns 13,495 shares of the company’s stock, valued at approximately $168,687.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.08% of the company’s stock.
Titan Machinery Company Profile
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.
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