Titan International (TWI) Receiving Somewhat Favorable News Coverage, Report Shows
Media headlines about Titan International (NYSE:TWI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Titan International earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.5537439796969 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Titan International (TWI) traded up 2.48% during midday trading on Friday, reaching $10.75. The company’s stock had a trading volume of 241,964 shares. The stock has a 50-day moving average of $9.34 and a 200 day moving average of $10.66. Titan International has a 12-month low of $7.97 and a 12-month high of $14.23. The firm’s market capitalization is $641.77 million.
Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The firm had revenue of $364.40 million during the quarter, compared to analyst estimates of $352.13 million. Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) EPS. Equities research analysts predict that Titan International will post ($0.26) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.005 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.19%. Titan International’s dividend payout ratio (DPR) is currently -2.44%.
Several equities research analysts have recently commented on the company. ValuEngine lowered Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. BidaskClub lowered Titan International from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Titan International presently has an average rating of “Hold” and a consensus price target of $14.00.
Titan International Company Profile
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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