Equities analysts expect Titan Machinery Inc. (NASDAQ:TITN) to report earnings of ($0.13) per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Titan Machinery’s earnings, with estimates ranging from ($0.17) to ($0.08). Titan Machinery posted earnings of ($0.31) per share during the same quarter last year, which would indicate a positive year over year growth rate of 58.1%. The business is scheduled to report its next earnings report on Thursday, March 29th.
According to Zacks, analysts expect that Titan Machinery will report full year earnings of ($0.20) per share for the current year, with EPS estimates ranging from ($0.26) to ($0.12). For the next year, analysts anticipate that the firm will post earnings of $0.22 per share, with EPS estimates ranging from ($0.06) to $0.55. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Titan Machinery.
Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.12. Titan Machinery had a negative return on equity of 2.29% and a negative net margin of 1.44%. The business had revenue of $330.34 million for the quarter, compared to analyst estimates of $306.74 million. During the same quarter in the previous year, the company posted ($0.01) EPS. Titan Machinery’s quarterly revenue was down .6% compared to the same quarter last year.
Titan Machinery (NASDAQ:TITN) traded down $0.39 during midday trading on Friday, hitting $23.23. The company’s stock had a trading volume of 297,045 shares, compared to its average volume of 346,767. Titan Machinery has a 1 year low of $11.68 and a 1 year high of $23.82. The company has a market cap of $521.87, a price-to-earnings ratio of -30.17 and a beta of 1.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.70 and a quick ratio of 0.33.
In other Titan Machinery news, CEO David Joseph Meyer sold 61,796 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $21.85, for a total value of $1,350,242.60. Following the sale, the chief executive officer now owns 715,864 shares in the company, valued at approximately $15,641,628.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 16.08% of the company’s stock.
Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Titan Machinery in the 3rd quarter valued at about $155,000. Numeric Investors LLC acquired a new position in shares of Titan Machinery in the 2nd quarter valued at about $191,000. Voya Investment Management LLC lifted its stake in shares of Titan Machinery by 14.2% in the 2nd quarter. Voya Investment Management LLC now owns 11,520 shares of the company’s stock valued at $207,000 after purchasing an additional 1,429 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of Titan Machinery by 29.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 13,068 shares of the company’s stock valued at $235,000 after purchasing an additional 2,939 shares during the period. Finally, Prudential Financial Inc. acquired a new position in shares of Titan Machinery in the 3rd quarter valued at about $211,000. 76.20% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2018/01/10/1835739.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Titan Machinery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan Machinery and related companies with MarketBeat.com's FREE daily email newsletter.