Wall Street analysts expect Titan Machinery Inc. (NASDAQ:TITN) to report $0.36 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Titan Machinery’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.37. Titan Machinery reported earnings of $0.20 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 80%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 29th.

On average, analysts expect that Titan Machinery will report full year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.65. For the next financial year, analysts anticipate that the company will post earnings of $1.08 per share, with EPS estimates ranging from $1.05 to $1.10. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Titan Machinery.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results on Thursday, August 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.16. Titan Machinery had a return on equity of 2.17% and a net margin of 0.63%. The business had revenue of $299.89 million during the quarter, compared to analyst estimates of $291.08 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Titan Machinery’s revenue for the quarter was up 11.5% on a year-over-year basis.

Several research firms have issued reports on TITN. Zacks Investment Research raised Titan Machinery from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Tuesday. BidaskClub raised Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, September 1st. Finally, ValuEngine raised Titan Machinery from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.75.

NASDAQ:TITN traded up $0.53 during mid-day trading on Monday, hitting $17.84. 341,310 shares of the company traded hands, compared to its average volume of 224,649. Titan Machinery has a one year low of $13.04 and a one year high of $25.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.34 and a current ratio of 1.66. The firm has a market capitalization of $382.20 million, a PE ratio of -148.67 and a beta of 1.62.

A number of large investors have recently added to or reduced their stakes in TITN. Citigroup Inc. boosted its stake in shares of Titan Machinery by 794.6% in the first quarter. Citigroup Inc. now owns 5,672 shares of the company’s stock worth $133,000 after acquiring an additional 5,038 shares during the period. Smith Asset Management Group LP boosted its stake in shares of Titan Machinery by 190.3% in the second quarter. Smith Asset Management Group LP now owns 9,793 shares of the company’s stock worth $152,000 after acquiring an additional 6,420 shares during the period. First Republic Investment Management Inc. bought a new position in shares of Titan Machinery in the first quarter worth about $236,000. Sun Life Financial INC bought a new position in shares of Titan Machinery in the second quarter worth about $187,000. Finally, Global X Management Co. LLC boosted its stake in shares of Titan Machinery by 137.3% in the first quarter. Global X Management Co. LLC now owns 13,415 shares of the company’s stock worth $316,000 after acquiring an additional 7,761 shares during the period. 82.55% of the stock is owned by institutional investors and hedge funds.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.

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Earnings History and Estimates for Titan Machinery (NASDAQ:TITN)

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