Analysts expect that Titan International, Inc. (NYSE:TWI) will announce $0.01 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Titan International’s earnings, with estimates ranging from $0.00 to $0.02. Titan International posted earnings per share of ($0.18) in the same quarter last year, which would suggest a positive year-over-year growth rate of 105.6%. The business is expected to report its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Titan International will report full year earnings of ($0.26) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to ($0.21). For the next year, analysts forecast that the company will post earnings of $0.33 per share, with EPS estimates ranging from $0.15 to $0.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Titan International.
Titan International (NYSE:TWI) last posted its earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.18). Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. The business had revenue of $364.40 million for the quarter, compared to analysts’ expectations of $352.13 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Titan International’s quarterly revenue was up 10.4% compared to the same quarter last year.
A number of equities research analysts have commented on the company. ValuEngine cut Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Zacks Investment Research cut Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub raised Titan International from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, TheStreet raised Titan International from a “d+” rating to a “c-” rating in a report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $14.00.
Titan International (TWI) opened at 9.14 on Wednesday. The company’s 50-day moving average price is $9.83 and its 200 day moving average price is $10.82. The stock’s market capitalization is $545.66 million. Titan International has a 52-week low of $7.97 and a 52-week high of $14.23.
Several hedge funds have recently modified their holdings of TWI. Louisiana State Employees Retirement System increased its holdings in shares of Titan International by 12.5% in the first quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 2,200 shares during the last quarter. Strs Ohio bought a new stake in shares of Titan International in the first quarter worth about $587,000. Capital Fund Management S.A. bought a new stake in shares of Titan International in the first quarter worth about $819,000. Bank of New York Mellon Corp increased its holdings in shares of Titan International by 7.7% in the first quarter. Bank of New York Mellon Corp now owns 616,894 shares of the industrial products company’s stock worth $6,378,000 after purchasing an additional 44,300 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of Titan International by 4.3% in the first quarter. Comerica Bank now owns 48,382 shares of the industrial products company’s stock worth $527,000 after purchasing an additional 1,974 shares during the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: “Brokerages Anticipate Titan International, Inc. (TWI) to Announce $0.01 Earnings Per Share” was originally posted by Markets Daily and is the property of of Markets Daily. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/09/13/brokerages-anticipate-titan-international-inc-twi-to-announce-0-01-earnings-per-share.html.
About Titan International
Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Titan International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.