Titan International (TWI) Getting Somewhat Favorable Media Coverage, Accern Reports

Headlines about Titan International (NYSE:TWI) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Titan International earned a news impact score of 0.04 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 45.811399483871 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Titan International (NYSE:TWI) opened at $13.62 on Friday. The company has a market capitalization of $786.28, a PE ratio of -16.41 and a beta of 1.82. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.17. Titan International has a twelve month low of $7.97 and a twelve month high of $14.23.

Titan International (NYSE:TWI) last announced its earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. The business had revenue of $370.99 million for the quarter, compared to the consensus estimate of $331.30 million. Titan International had a negative return on equity of 9.22% and a negative net margin of 3.19%. The company’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the business posted ($0.15) EPS. research analysts predict that Titan International will post -0.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.005 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.02 annualized dividend and a yield of 0.15%. Titan International’s dividend payout ratio is presently -2.41%.

Several equities research analysts recently commented on the company. Jefferies Group reiterated a “hold” rating and set a $12.00 target price on shares of Titan International in a report on Sunday, November 5th. ValuEngine upgraded Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $12.00.

In other Titan International news, CEO Paul G. Reitz sold 22,000 shares of Titan International stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $10.82, for a total transaction of $238,040.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO James M. Froisland acquired 5,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were acquired at an average price of $11.65 per share, for a total transaction of $58,250.00. Following the completion of the acquisition, the chief financial officer now directly owns 5,000 shares in the company, valued at $58,250. The disclosure for this purchase can be found here. 17.80% of the stock is owned by insiders.

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Titan International Company Profile

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.

Insider Buying and Selling by Quarter for Titan International (NYSE:TWI)

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