Q3 EPS Estimates for Titan International Lowered by Sidoti

Titan International, Inc. (NYSE:TWI) – Investment analysts at Sidoti cut their Q3 2027 earnings estimates for shares of Titan International in a research report issued on Friday, July 31st. Sidoti analyst S. Ferazani now anticipates that the industrial products company will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.07. The consensus estimate for Titan International’s current full-year earnings is ($0.13) per share.

A number of other analysts also recently weighed in on TWI. DA Davidson reissued a “buy” rating and set a $13.00 price target on shares of Titan International in a research report on Friday, June 12th. Wall Street Zen raised shares of Titan International from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Titan International in a research report on Monday, July 20th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.00.

Titan International Price Performance

Shares of NYSE TWI opened at $7.21 on Monday. The company has a quick ratio of 1.15, a current ratio of 2.11 and a debt-to-equity ratio of 1.10. Titan International has a fifty-two week low of $6.43 and a fifty-two week high of $11.70. The business has a 50 day moving average price of $7.53 and a two-hundred day moving average price of $8.22. The firm has a market cap of $465.59 million, a PE ratio of -5.96 and a beta of 1.45.

Titan International (NYSE:TWI) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15. Titan International had a negative return on equity of 1.56% and a negative net margin of 4.11%.The business had revenue of $484.77 million for the quarter, compared to analyst estimates of $480.06 million.

Institutional Investors Weigh In On Titan International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in shares of Titan International by 10.5% during the first quarter. Renaissance Technologies LLC now owns 2,477,119 shares of the industrial products company’s stock worth $17,117,000 after acquiring an additional 235,632 shares during the last quarter. TritonPoint Partners LLC bought a new stake in shares of Titan International during the fourth quarter valued at approximately $1,116,000. UBS Group AG boosted its position in shares of Titan International by 26.7% during the fourth quarter. UBS Group AG now owns 330,894 shares of the industrial products company’s stock worth $2,591,000 after buying an additional 69,785 shares during the period. Empowered Funds LLC boosted its position in shares of Titan International by 27.8% during the first quarter. Empowered Funds LLC now owns 773,501 shares of the industrial products company’s stock worth $5,345,000 after buying an additional 168,328 shares during the period. Finally, Donald Smith & CO. Inc. grew its holdings in Titan International by 59.1% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,491,649 shares of the industrial products company’s stock worth $27,340,000 after buying an additional 1,297,542 shares in the last quarter. 80.39% of the stock is owned by institutional investors and hedge funds.

About Titan International

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.