Titan International (TWI) Set to Announce Earnings on Wednesday

Titan International (NYSE:TWI) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Titan International to post earnings of $0.42 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Titan International (NYSE:TWI) last released its earnings results on Thursday, February 29th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $390.20 million for the quarter, compared to analysts’ expectations of $418.05 million. Titan International had a net margin of 4.32% and a return on equity of 22.57%. On average, analysts expect Titan International to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Titan International Stock Performance

TWI opened at $11.53 on Tuesday. The firm has a market cap of $840.19 million, a P/E ratio of 9.22 and a beta of 2.09. Titan International has a 1-year low of $9.54 and a 1-year high of $15.33. The company has a 50 day simple moving average of $12.48 and a two-hundred day simple moving average of $13.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.35 and a quick ratio of 1.37.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut Titan International from a “b-” rating to a “c” rating in a report on Thursday, February 29th.

Insider Buying and Selling at Titan International

In other news, CAO Anthony Eheli sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $12.42, for a total transaction of $31,050.00. Following the transaction, the chief accounting officer now owns 52,918 shares of the company’s stock, valued at approximately $657,241.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 18.30% of the stock is currently owned by company insiders.

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 the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.