Zacks: Analysts Anticipate Titan International Inc (TWI) to Announce -$0.06 EPS

Brokerages forecast that Titan International Inc (NYSE:TWI) will report ($0.06) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Titan International’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.04). Titan International reported earnings of ($0.10) per share during the same quarter last year, which would suggest a positive year over year growth rate of 40%. The firm is expected to issue its next quarterly earnings report before the market opens on Friday, February 22nd.

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

TWI has been the subject of a number of recent research reports. ValuEngine downgraded Titan International from a “sell” rating to a “strong sell” rating in a report on Friday, January 25th. Zacks Investment Research upgraded Titan International from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.92.



A number of institutional investors have recently modified their holdings of the business. Legal & General Group Plc grew its holdings in Titan International by 2.8% during the 4th quarter. Legal & General Group Plc now owns 108,328 shares of the industrial products company’s stock worth $509,000 after acquiring an additional 2,995 shares during the period. Thrivent Financial for Lutherans grew its holdings in Titan International by 74.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 60,289 shares of the industrial products company’s stock worth $281,000 after acquiring an additional 25,637 shares during the period. Jane Street Group LLC acquired a new stake in Titan International during the 4th quarter worth about $160,000. Municipal Employees Retirement System of Michigan acquired a new stake in Titan International during the 4th quarter worth about $909,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in Titan International by 354.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,205 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 12,637 shares during the period. Hedge funds and other institutional investors own 83.97% of the company’s stock.

NYSE TWI traded up $0.29 on Thursday, reaching $6.00. The company had a trading volume of 418,200 shares, compared to its average volume of 318,273. The company has a market capitalization of $342.13 million, a price-to-earnings ratio of -12.31 and a beta of 1.72. Titan International has a fifty-two week low of $4.49 and a fifty-two week high of $14.53. The company has a quick ratio of 1.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.42.

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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