Titan America SA (NYSE:TTAM) Shareholders to Receive $0.04 Quarterly Dividend

Titan America SA (NYSE:TTAM) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, December 18th will be paid a dividend of $0.04 per share on Monday, January 11th. This represents a $0.16 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, December 18th.

Titan America Price Performance

Shares of TTAM opened at $14.01 on Friday. Titan America has a 1-year low of $12.88 and a 1-year high of $19.57. The firm has a market capitalization of $2.58 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.08 and a quick ratio of 1.17. The company’s fifty day moving average price is $14.05 and its 200-day moving average price is $16.06.

Titan America (NYSE:TTAM) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.06). Titan America had a return on equity of 17.03% and a net margin of 10.35%. The firm had revenue of $470.63 million for the quarter. During the same quarter last year, the firm earned $0.28 earnings per share. Titan America’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts predict that Titan America will post 1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Zacks Research lowered shares of Titan America from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Weiss Ratings cut shares of Titan America from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 20th. Stifel Nicolaus reduced their price target on Titan America from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Citigroup dropped their target price on Titan America from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.10.

Titan America Company Profile

Titan America is a building materials company that produces and supplies cement, ready-mix concrete, aggregates and other construction products. Its materials are used in residential, commercial, infrastructure and other construction projects.

The company operates cement manufacturing facilities, distribution terminals, aggregate quarries and ready-mix concrete plants. Its product portfolio also includes concrete masonry products and related materials used by contractors, concrete producers and construction companies.

Titan America serves customers primarily across the eastern and southeastern United States, with operations and distribution capabilities covering markets including Florida, Virginia, the Carolinas, the Mid-Atlantic and the Northeast.