Titan International Inc. (TWI) Trading 4% Higher
Shares of Titan International Inc. (NYSE:TWI) traded up 4% on Tuesday . The company traded as high as $9.17 and last traded at $9.15, with a volume of 288,594 shares traded. The stock had previously closed at $8.80.
A number of analysts have recently weighed in on the stock. 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 research report on Friday, August 5th. Zacks Investment Research raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $8.68.
The company’s 50 day moving average is $6.81 and its 200 day moving average is $5.77. The stock’s market cap is $480.47 million.
Titan International (NYSE:TWI) last released its earnings results on Thursday, August 4th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $330.20 million for the quarter, compared to the consensus estimate of $330.92 million. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share. On average, analysts predict that Titan International Inc. will post ($0.54) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.005 per share. The ex-dividend date of this dividend 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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