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.
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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