Equities research analysts expect Titan International Inc (NYSE:TWI) to report earnings per share of ($0.35) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Titan International’s earnings. The highest EPS estimate is ($0.27) and the lowest is ($0.45). Titan International reported earnings of ($0.12) per share during the same quarter last year, which indicates a negative year over year growth rate of 191.7%. The business is scheduled to issue its next earnings report on Thursday, August 6th.
On average, analysts expect that Titan International will report full-year earnings of ($1.03) per share for the current financial year, with EPS estimates ranging from ($1.10) to ($0.95). For the next year, analysts anticipate that the business will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.40) to ($0.15). Zacks’ EPS calculations are an average based on a survey of analysts that cover Titan International.
Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.01. The firm had revenue of $341.50 million for the quarter, compared to analyst estimates of $365.75 million. Titan International had a negative return on equity of 24.72% and a negative net margin of 5.58%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new position in Titan International during the fourth quarter valued at $5,911,000. Man Group plc purchased a new position in shares of Titan International in the fourth quarter valued at about $60,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Titan International in the fourth quarter valued at about $79,000. GSA Capital Partners LLP purchased a new position in shares of Titan International in the first quarter valued at about $34,000. Finally, Virtu Financial LLC purchased a new position in shares of Titan International in the fourth quarter valued at about $88,000. Institutional investors own 77.75% of the company’s stock.
Shares of Titan International stock traded up $0.01 during trading on Monday, hitting $1.58. 690,408 shares of the stock traded hands, compared to its average volume of 858,162. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.87 and a quick ratio of 0.97. The firm’s fifty day moving average is $1.30 and its 200-day moving average is $2.27. Titan International has a 52 week low of $1.05 and a 52 week high of $5.00.
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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