Titan America SA Announces Quarterly Dividend of $0.04 (NYSE:TTAM)

Titan America SA (NYSE:TTAM) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.04 per share on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, October 1st.

Titan America Stock Performance

Shares of TTAM stock traded down $0.47 during midday trading on Wednesday, hitting $17.16. 11,287 shares of the company were exchanged, compared to its average volume of 301,208. The firm has a market capitalization of $3.16 billion, a P/E ratio of 16.99, a PEG ratio of 1.12 and a beta of 0.97. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.96 and a current ratio of 2.99. The firm’s 50 day moving average price is $17.04 and its two-hundred day moving average price is $16.86. Titan America has a 52 week low of $13.29 and a 52 week high of $19.57.

Titan America (NYSE:TTAM) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.06). The business had revenue of $470.63 million during the quarter. Titan America had a net margin of 11.08% and a return on equity of 18.35%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. As a group, equities research analysts anticipate that Titan America will post 1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TTAM shares. Zacks Research upgraded Titan America from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Citigroup raised their price objective on Titan America from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. HSBC cut Titan America from a “buy” rating to a “hold” rating and set a $18.50 target price on the stock. in a research report on Thursday, May 7th. Stifel Nicolaus set a $19.00 target price on Titan America in a research note on Wednesday. Finally, Wall Street Zen downgraded shares of 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 three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.30.

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”).