Brokerages Anticipate Titan International Inc (NYSE:TWI) to Announce -$0.19 Earnings Per Share

Analysts expect Titan International Inc (NYSE:TWI) to post earnings per share of ($0.19) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Titan International’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.35). Titan International posted earnings of ($0.12) per share during the same quarter last year, which would indicate a negative year over year growth rate of 58.3%. The firm is scheduled to announce its next earnings report on Thursday, August 6th.

According to Zacks, analysts expect that Titan International will report full-year earnings of ($1.03) per share for the current financial year, with EPS estimates ranging from ($1.10) to ($0.95). For the next financial year, analysts expect that the business will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.40) to ($0.15). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Titan International.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.01. Titan International had a negative net margin of 5.58% and a negative return on equity of 24.72%. The company had revenue of $341.50 million for the quarter, compared to analysts’ expectations of $365.75 million.

Several analysts recently weighed in on the stock. ValuEngine raised shares of Titan International from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “buy” rating and set a $1.75 price target on the stock in a research report on Thursday, June 18th.

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada acquired a new position in shares of Titan International during the first quarter valued at about $30,000. GSA Capital Partners LLP acquired a new position in shares of Titan International during the first quarter valued at about $34,000. Man Group plc acquired a new position in shares of Titan International during the fourth quarter valued at about $60,000. State of Alaska Department of Revenue raised its holdings in shares of Titan International by 22.8% during the first quarter. State of Alaska Department of Revenue now owns 46,417 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 8,630 shares during the period. Finally, United Capital Financial Advisers LLC acquired a new position in shares of Titan International during the first quarter valued at about $78,000. 77.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Titan International stock traded down $0.01 during trading on Tuesday, hitting $1.54. The company’s stock had a trading volume of 3,132 shares, compared to its average volume of 1,232,863. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.87 and a quick ratio of 0.97. Titan International has a 52 week low of $1.05 and a 52 week high of $5.00. The stock has a market cap of $91.51 million, a price-to-earnings ratio of -1.20 and a beta of 1.79. The stock has a 50-day moving average price of $1.39 and a two-hundred day moving average price of $2.15.

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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