Titan America (NYSE:TTAM) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Titan America (NYSE:TTAM) issued its earnings results on Monday. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02, Zacks reports. The firm had revenue of $392.44 million during the quarter, compared to analyst estimates of $391.96 million. The company’s quarterly revenue was down 1.9% compared to the same quarter last year.

Titan America Price Performance

TTAM stock opened at $13.75 on Wednesday. The stock’s 50 day moving average is $13.16. Titan America has a twelve month low of $10.80 and a twelve month high of $17.78.

Titan America Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, April 7th were paid a dividend of $0.38 per share. This represents a dividend yield of 5.73%. The ex-dividend date was Friday, April 4th.

Analyst Upgrades and Downgrades

TTAM has been the topic of several research analyst reports. Sanford C. Bernstein initiated coverage on Titan America in a research note on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 price objective on the stock. Bank of America reduced their price target on shares of Titan America from $16.50 to $15.50 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Stifel Nicolaus dropped their price objective on shares of Titan America from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Citigroup began coverage on shares of Titan America in a report on Tuesday, March 4th. They set a “buy” rating and a $19.00 target price on the stock. Finally, BNP Paribas upgraded Titan America to a “hold” rating in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.29.

About Titan America

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.