Titan America (NYSE:TTAM) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Titan America (NYSE:TTAM) released its earnings results on Tuesday. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.06), FiscalAI reports. Titan America had a return on equity of 17.27% and a net margin of 10.35%.The firm had revenue of $470.63 million for the quarter. During the same period last year, the company posted $0.28 earnings per share. Titan America’s revenue was up 9.6% on a year-over-year basis.

Here are the key takeaways from Titan America’s conference call:

• Q2 revenue rose 9.6% to $471 million and adjusted EBITDA increased 1.3% to $101 million, despite residential weakness, an extended Pennsuco maintenance outage, and cement import disruptions. First-half operating cash flow and free cash flow also improved year over year.
• The Mid-Atlantic delivered strong growth, with revenue up 27% and adjusted EBITDA up 30%, supported by infrastructure, commercial construction, data centers, higher ready-mix pricing, and the initial Keystone contribution. Titan participates in 77 of 148 Virginia data centers currently under construction.
• Titan completed its Keystone Cement acquisition and is targeting at least $30 million in annual run-rate synergies by 2029 through reliability improvements, logistics and commercial coordination, raw-material savings, alternative fuels, and greater aggregate sales.
• Florida results were pressured by the Pennsuco outage, temporary Mediterranean shipping disruptions, third-party sourcing costs, softer residential activity, and weaker pricing; management estimated a roughly $7 million direct adverse impact in Q2 and expects logistics conditions to normalize in the second half.
• Titan raised its 2026 outlook to high-single-digit revenue growth, while expecting adjusted EBITDA margin to decline modestly by approximately 25–50 basis points, primarily reflecting Keystone’s lower initial margins. The company also announced a new $0.04-per-share premium distribution.

Titan America Stock Down 9.0%

Shares of TTAM opened at $16.03 on Thursday. The company has a quick ratio of 1.96, a current ratio of 2.99 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $17.05 and a two-hundred day moving average price of $16.85. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.13 and a beta of 0.97. Titan America has a 12 month low of $13.29 and a 12 month high of $19.57.

Titan America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.16 dividend on an annualized basis and a yield of 1.0%. Titan America’s dividend payout ratio (DPR) is currently 15.84%.

Analyst Upgrades and Downgrades

TTAM has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Titan America from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Stifel Nicolaus raised their target price on Titan America from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday. HSBC downgraded Titan America from a “buy” rating to a “hold” rating and set a $18.50 price target on the stock. in a research report on Thursday, May 7th. Zacks Research raised Titan America from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen lowered Titan America from a “buy” rating to a “hold” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.30.

Hedge Funds Weigh In On Titan America

Hedge funds have recently modified their holdings of the stock. Voss Capital LP grew its position in Titan America by 51.6% in the fourth quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock valued at $42,848,000 after acquiring an additional 885,000 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of Titan America by 46.0% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 293,928 shares of the company’s stock valued at $4,844,000 after acquiring an additional 92,633 shares during the period. River Road Asset Management LLC boosted its stake in shares of Titan America by 3.5% in the 4th quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock valued at $63,552,000 after purchasing an additional 128,624 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Titan America by 98.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 94,162 shares of the company’s stock worth $1,552,000 after purchasing an additional 46,623 shares during the last quarter. Finally, ABS Direct Equity Fund LLC bought a new stake in shares of Titan America in the 1st quarter worth about $449,000.

Titan America Company Profile

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).