Titan Machinery (TITN) Issues FY13 Earnings Guidance
Titan Machinery (TITN) updated its FY13 earnings guidance on Monday. The company provided earnings per share guidance of $2.10-2.30 for the period.
Titan Machinery (TITN) opened at 25.36 on Monday. Titan Machinery (TITN) has a 52-week low of $15.58 and a 52-week high of $36.92. The company has a market cap of $525.5 million and a price-to-earnings ratio of 11.96.
Titan Machinery last posted its quarterly earnings results on Monday, September 10th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.18. The company’s quarterly revenue was up 31.9% on a year-over-year basis. Analysts expect that Titan Machinery (TITN) will post $0.00 EPS for the current fiscal year.
TITN has been the subject of a number of recent research reports. Analysts at Northcoast Research initiated coverage on shares of Titan Machinery in a research note to investors on Friday, July 13th. They set a buy rating on the stock. Analysts at Piper Jaffray initiated coverage on shares of Titan Machinery in a research note to investors on Monday, June 25th. They set an overweight rating and a $35.00 price target on the stock.
Titan Machinery Inc. owns and operates a network of agricultural and construction equipment stores in the United States.
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