Brokerages predict that Titan International Inc (NYSE:TWI) will report earnings per share (EPS) of ($0.09) for the current quarter, according to Zacks. Two analysts have issued estimates for Titan International’s earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.08). Titan International posted earnings per share of ($0.21) in the same quarter last year, which suggests a positive year-over-year growth rate of 57.1%. The company is scheduled to announce its next quarterly earnings report on Thursday, March 5th.
According to Zacks, analysts expect that Titan International will report full-year earnings of ($0.45) per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of $0.00 per share, with EPS estimates ranging from ($0.10) to $0.10. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Titan International.
Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.22). Titan International had a negative net margin of 2.53% and a negative return on equity of 12.51%. The company had revenue of $345.90 million during the quarter, compared to the consensus estimate of $369.33 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year.
TWI stock traded up $0.06 during midday trading on Friday, hitting $3.15. The company had a trading volume of 95,055 shares, compared to its average volume of 323,218. The company has a current ratio of 2.00, a quick ratio of 1.04 and a debt-to-equity ratio of 1.87. Titan International has a 52 week low of $2.25 and a 52 week high of $7.25. The stock’s 50 day moving average price is $2.75 and its 200 day moving average price is $3.71. The stock has a market cap of $200.15 million, a price-to-earnings ratio of 11.67 and a beta of 2.16.
Several institutional investors and hedge funds have recently bought and sold shares of TWI. BlackRock Inc. raised its stake in shares of Titan International by 2.4% in the second quarter. BlackRock Inc. now owns 8,043,435 shares of the industrial products company’s stock valued at $39,331,000 after acquiring an additional 185,768 shares in the last quarter. Renaissance Technologies LLC increased its stake in Titan International by 3.4% in the 2nd quarter. Renaissance Technologies LLC now owns 3,280,300 shares of the industrial products company’s stock valued at $16,041,000 after buying an additional 109,100 shares during the period. Rutabaga Capital Management LLC MA increased its stake in Titan International by 117.4% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 2,183,705 shares of the industrial products company’s stock valued at $10,678,000 after buying an additional 1,179,157 shares during the period. Morgan Stanley increased its stake in Titan International by 57.8% in the 2nd quarter. Morgan Stanley now owns 930,850 shares of the industrial products company’s stock valued at $4,552,000 after buying an additional 341,134 shares during the period. Finally, Grace & White Inc. NY increased its stake in Titan International by 48.4% in the 3rd quarter. Grace & White Inc. NY now owns 840,390 shares of the industrial products company’s stock valued at $2,269,000 after buying an additional 273,960 shares during the period. 84.25% of the stock is currently owned by hedge funds and other institutional investors.
Titan International Company Profile
Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.
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