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.

TITN has been the topic of a number of analyst reports. Zacks Investment Research upgraded Titan Machinery from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, December 6th. Piper Jaffray Companies reiterated a “hold” rating on shares of Titan Machinery in a research report on Thursday, September 28th. William Blair upgraded Titan Machinery from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 2nd. Robert W. Baird reiterated an “outperform” rating and issued a $25.00 price target (up previously from $18.00) on shares of Titan Machinery in a research report on Friday, December 1st. Finally, BidaskClub upgraded Titan Machinery from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 5th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $21.75.

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.

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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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Earnings History and Estimates for Titan Machinery (NASDAQ:TITN)

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