Titan Machinery (NASDAQ:TITN) Given Daily News Sentiment Rating of 0.10
Media headlines about Titan Machinery (NASDAQ:TITN) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Titan Machinery earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.4040618698293 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Titan Machinery (NASDAQ TITN) traded up 0.24% during midday trading on Friday, reaching $16.65. 70,489 shares of the company’s stock were exchanged. The firm’s market capitalization is $355.84 million. The stock’s 50 day moving average is $17.66 and its 200 day moving average is $15.81. Titan Machinery has a 52 week low of $8.68 and a 52 week high of $19.22.
Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, May 25th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.06. Titan Machinery had a negative return on equity of 4.11% and a negative net margin of 1.37%. The firm had revenue of $264.10 million during the quarter, compared to analyst estimates of $257 million. During the same period last year, the business earned ($0.21) EPS. The firm’s revenue was down 7.3% on a year-over-year basis. On average, analysts expect that Titan Machinery will post $0.03 EPS for the current fiscal year.
A number of equities analysts recently weighed in on TITN shares. Zacks Investment Research cut shares of Titan Machinery from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. BidaskClub cut shares of Titan Machinery from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. ValuEngine raised shares of Titan Machinery from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $18.00 price objective on shares of Titan Machinery and gave the stock a “hold” rating in a research report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $18.67.
In related news, Chairman David Joseph Meyer sold 44,950 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $17.25, for a total value of $775,387.50. Following the sale, the chairman now owns 724,660 shares of the company’s stock, valued at approximately $12,500,385. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.08% of the stock is owned by company insiders.
Titan Machinery Company Profile
Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.
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