Titan International, Inc. Forecasted to Earn Q4 2017 Earnings of $0.05 Per Share (TWI)
Titan International, Inc. (NYSE:TWI) – Analysts at William Blair upped their Q4 2017 earnings per share (EPS) estimates for shares of Titan International in a note issued to investors on Thursday. William Blair analyst L. De. Maria now anticipates that the industrial products company will earn $0.05 per share for the quarter, up from their previous estimate of $0.04.
Titan International (NYSE:TWI) last announced its earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.18. The firm had revenue of $364.40 million during the quarter, compared to the consensus estimate of $352.13 million. Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) earnings per share.
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TWI has been the subject of several other research reports. Zacks Investment Research upgraded Titan International from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, June 30th. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. Sidoti upgraded Titan International from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 18th. BidaskClub upgraded Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC reiterated an “underperform” rating and issued a $14.00 price objective (up previously from $11.50) on shares of Titan International in a research note on Friday, April 14th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $14.00.
Shares of Titan International (TWI) traded down 0.79% during trading on Monday, reaching $10.08. 68,873 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $12.11 and a 200 day moving average price of $11.50. The company’s market capitalization is $601.34 million. Titan International has a 12-month low of $8.49 and a 12-month high of $14.23.
A number of large investors have recently bought and sold shares of TWI. State Street Corp boosted its stake in Titan International by 7.0% in the fourth quarter. State Street Corp now owns 968,171 shares of the industrial products company’s stock valued at $10,852,000 after buying an additional 62,930 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in Titan International by 40.4% in the first quarter. Essex Investment Management Co. LLC now owns 121,284 shares of the industrial products company’s stock valued at $1,254,000 after buying an additional 34,921 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Titan International during the fourth quarter valued at $580,000. Fishman Jay A Ltd. MI boosted its stake in Titan International by 2.1% in the first quarter. Fishman Jay A Ltd. MI now owns 2,730,882 shares of the industrial products company’s stock valued at $28,237,000 after buying an additional 55,095 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in Titan International by 16.0% in the first quarter. Thrivent Financial For Lutherans now owns 27,230 shares of the industrial products company’s stock valued at $282,000 after buying an additional 3,750 shares during the last quarter. Hedge funds and other institutional investors own 85.35% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.20%. The ex-dividend date was Wednesday, June 28th. Titan International’s payout ratio is -2.44%.
About Titan International
Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.
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