Analysts expect Titan International Inc (NYSE:TWI) to report $0.04 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Titan International’s earnings, with estimates ranging from $0.02 to $0.05. Titan International reported earnings per share of ($0.18) during the same quarter last year, which suggests a positive year over year growth rate of 122.2%. The firm is expected to issue its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Titan International will report full-year earnings of $0.35 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.40. For the next fiscal year, analysts expect that the business will report earnings of $0.68 per share, with EPS estimates ranging from $0.65 to $0.70. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Titan International.
Titan International (NYSE:TWI) last released its earnings results on Friday, February 23rd. The industrial products company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.03. Titan International had a negative return on equity of 6.94% and a negative net margin of 4.31%. The company had revenue of $376.03 million during the quarter, compared to the consensus estimate of $364.77 million. During the same quarter last year, the company earned ($0.25) earnings per share. Titan International’s quarterly revenue was up 22.4% compared to the same quarter last year.
Titan International (NYSE TWI) traded up $0.02 during trading on Friday, reaching $13.57. The company’s stock had a trading volume of 88,962 shares, compared to its average volume of 271,778. Titan International has a 12 month low of $7.97 and a 12 month high of $14.53. The company has a current ratio of 2.10, a quick ratio of 1.19 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $812.83, a P/E ratio of -12.10 and a beta of 1.69.
In other news, CFO James M. Froisland purchased 5,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was acquired at an average price of $11.65 per share, with a total value of $58,250.00. Following the purchase, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at approximately $58,250. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 17.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new stake in Titan International during the 4th quarter worth about $135,000. Crossmark Global Holdings Inc. purchased a new stake in Titan International during the 4th quarter worth about $216,000. Teacher Retirement System of Texas purchased a new stake in Titan International during the 4th quarter worth about $223,000. BNP Paribas Arbitrage SA increased its position in Titan International by 40.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 27,304 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 7,862 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in Titan International by 10.3% during the 2nd quarter. Voya Investment Management LLC now owns 24,230 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 2,266 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.
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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