Titan International (NYSE:TWI) released its quarterly earnings data on Friday. The industrial products company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.03, Bloomberg Earnings reports. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. The firm had revenue of $376.03 million for the quarter, compared to the consensus estimate of $364.77 million. During the same period in the previous year, the company earned ($0.25) earnings per share. The company’s quarterly revenue was up 22.4% on a year-over-year basis.
Titan International (NYSE TWI) traded up $2.20 during mid-day trading on Friday, hitting $14.15. 895,109 shares of the company traded hands, compared to its average volume of 276,156. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.22 and a quick ratio of 1.28. Titan International has a fifty-two week low of $7.97 and a fifty-two week high of $14.31. The firm has a market capitalization of $844.94, a P/E ratio of -12.63 and a beta of 1.73.
In other Titan International news, CFO James M. Froisland purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average cost of $11.65 per share, for a total transaction of $58,250.00. Following the completion of the purchase, the chief financial officer now owns 5,000 shares of the company’s stock, valued at approximately $58,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 17.80% of the company’s stock.
Several equities analysts have commented on TWI shares. TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Jefferies Group reiterated a “hold” rating and issued a $12.00 price objective on shares of Titan International in a report on Sunday, November 5th. ValuEngine upgraded shares of Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Titan International from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, William Blair reiterated an “outperform” rating on shares of Titan International in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.00.
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About Titan International
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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