Titan International (TWI) Earning Somewhat Favorable Media Coverage, Report Shows
Media stories about Titan International (NYSE:TWI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Titan International earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.8287486514773 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
TWI has been the subject of several analyst reports. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Zacks Investment Research upgraded Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. BidaskClub downgraded Titan International from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Jefferies Group reiterated a “hold” rating and issued a $12.00 price target on shares of Titan International in a report on Sunday, November 5th. Finally, ValuEngine upgraded Titan International from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $13.50.
Titan International (NYSE TWI) opened at $11.71 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 1.17. Titan International has a twelve month low of $7.97 and a twelve month high of $14.23.
Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. The company had revenue of $370.99 million during the quarter, compared to analysts’ expectations of $331.30 million. During the same period in the previous year, the company earned ($0.15) EPS. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. equities research analysts predict that Titan International will post -0.62 EPS for the current fiscal year.
In other news, CEO Paul G. Reitz sold 22,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $10.82, for a total transaction of $238,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 17.80% of the stock is owned by insiders.
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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