Titan International Inc (TWI) To Go Ex-Dividend on September 27th

Titan International Inc (NYSE:TWI) declared a quarterly dividend on Monday, September 9th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.005 per share by the industrial products company on Tuesday, October 15th. This represents a $0.02 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, September 27th.

Titan International has a dividend payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings.

Shares of NYSE:TWI traded up $0.10 during midday trading on Wednesday, reaching $2.95. The company had a trading volume of 574,042 shares, compared to its average volume of 434,408. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.02 and a current ratio of 2.00. Titan International has a 1-year low of $2.32 and a 1-year high of $8.40. The firm has a market cap of $158.84 million, a price-to-earnings ratio of 10.93 and a beta of 2.17. The company has a fifty day simple moving average of $2.95 and a two-hundred day simple moving average of $4.72.

Titan International (NYSE:TWI) last announced its earnings results on Thursday, August 1st. The industrial products company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.25). The firm had revenue of $390.60 million during the quarter, compared to analyst estimates of $440.38 million. Titan International had a negative return on equity of 5.32% and a negative net margin of 1.31%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. Analysts expect that Titan International will post -0.22 EPS for the current year.

Several equities research analysts have recently issued reports on the company. TheStreet lowered Titan International from a “c-” rating to a “d+” rating in a report on Friday, August 2nd. Sidoti set a $8.00 target price on Titan International and gave the stock a “buy” rating in a research report on Wednesday, June 26th. ValuEngine upgraded Titan International from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research lowered shares of Titan International from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th.

In other news, Director Maurice M. Taylor, Jr. acquired 139,214 shares of Titan International stock in a transaction on Friday, August 9th. The stock was bought at an average price of $3.04 per share, for a total transaction of $423,210.56. Following the transaction, the director now owns 619,477 shares of the company’s stock, valued at $1,883,210.08. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Maurice M. Taylor, Jr. acquired 13,805 shares of Titan International stock in a transaction on Monday, August 12th. The stock was purchased at an average price of $3.02 per share, with a total value of $41,691.10. Following the transaction, the director now directly owns 702,889 shares in the company, valued at approximately $2,122,724.78. The disclosure for this purchase can be found here. Insiders bought 171,589 shares of company stock valued at $520,055 over the last three months. 17.80% of the stock is 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 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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Dividend History for Titan International (NYSE:TWI)

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