Wall Street analysts expect Titan International Inc (NYSE:TWI) to announce earnings of ($0.06) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Titan International’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.07). Titan International reported earnings per share of ($0.10) during the same quarter last year, which suggests a positive year over year growth rate of 40%. The company is scheduled to report its next earnings report on Friday, February 22nd.

On average, analysts expect that Titan International will report full year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.25. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.58 per share, with EPS estimates ranging from $0.30 to $0.85. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Titan International.

Titan International (NYSE:TWI) last released its quarterly earnings data on Friday, November 2nd. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $384.70 million for the quarter, compared to analyst estimates of $398.71 million. Titan International had a positive return on equity of 4.56% and a negative net margin of 1.06%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.09) earnings per share.

Several analysts have issued reports on the company. ValuEngine lowered Titan International from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 24th. Zacks Investment Research upgraded Titan International from a “hold” rating to a “strong-buy” rating and set a $8.75 price objective on the stock in a research note on Thursday, November 8th. TheStreet lowered Titan International from a “c” rating to a “d+” rating in a research note on Thursday, August 23rd. William Blair lowered Titan International from an “outperform” rating to a “market perform” rating and set a $21.00 price objective on the stock. in a research note on Friday, August 3rd. Finally, Jefferies Financial Group dropped their price objective on Titan International from $12.00 to $8.50 and set a “hold” rating on the stock in a research note on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.75.

NYSE:TWI traded up $0.07 on Tuesday, hitting $7.01. The company’s stock had a trading volume of 358,400 shares, compared to its average volume of 320,204. The company has a quick ratio of 1.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $433.80 million, a price-to-earnings ratio of -14.31 and a beta of 1.46. Titan International has a one year low of $6.18 and a one year high of $14.53.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a dividend of $0.005 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.29%. Titan International’s dividend payout ratio (DPR) is currently -4.08%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Titan International by 141.2% during the third quarter. JPMorgan Chase & Co. now owns 280,343 shares of the industrial products company’s stock worth $2,080,000 after purchasing an additional 164,128 shares during the period. Alambic Investment Management L.P. bought a new position in shares of Titan International during the third quarter worth approximately $332,000. BlackRock Inc. increased its stake in shares of Titan International by 5.4% during the third quarter. BlackRock Inc. now owns 7,657,382 shares of the industrial products company’s stock worth $56,817,000 after purchasing an additional 389,478 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Titan International by 3,853.9% during the third quarter. PNC Financial Services Group Inc. now owns 18,425 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 17,959 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Titan International by 2.4% during the third quarter. Bank of New York Mellon Corp now owns 565,171 shares of the industrial products company’s stock worth $4,194,000 after purchasing an additional 13,412 shares during the period. Institutional investors own 86.50% of the company’s stock.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the United States and internationally. It operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

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