Titan International Inc. (TWI) Stock Price Up 4%
Titan International Inc. (NYSE:TWI) shares rose 4% on Tuesday . The stock traded as high as $9.17 and last traded at $9.15, with a volume of 288,594 shares. The stock had previously closed at $8.80.
TWI has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a report on Wednesday, April 27th. Jefferies Group upped their target price on shares of Titan International from $6.00 to $8.00 and gave the stock a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $8.68.
The company’s market cap is $493.44 million. The company has a 50 day moving average of $6.68 and a 200 day moving average of $5.70.
Titan International (NYSE:TWI) last issued its earnings results on Thursday, August 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). During the same period last year, the business earned $0.02 EPS. The business had revenue of $330.20 million for the quarter, compared to analysts’ expectations of $330.92 million. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, equities analysts forecast that Titan International Inc. will post ($0.54) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $0.005 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.22%.
Titan International, Inc is a manufacturer of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates through three segments: agricultural, earthmoving/construction and consumer. The Company’s agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment.
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