Wall Street analysts expect Titan Machinery Inc. (NASDAQ:TITN) to post earnings of $0.02 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Titan Machinery’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.02. Titan Machinery posted earnings of ($0.10) per share during the same quarter last year, which suggests a positive year over year growth rate of 120%. The firm is scheduled to announce its next earnings results on Thursday, April 4th.

According to Zacks, analysts expect that Titan Machinery will report full-year earnings of $0.72 per share for the current fiscal year, with EPS estimates ranging from $0.70 to $0.73. For the next fiscal year, analysts expect that the company will post earnings of $1.02 per share, with EPS estimates ranging from $0.90 to $1.10. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Titan Machinery.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Thursday, November 29th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.13. Titan Machinery had a return on equity of 4.11% and a net margin of 1.28%. The company had revenue of $363.65 million during the quarter, compared to analysts’ expectations of $360.30 million. During the same period in the prior year, the business earned $0.20 earnings per share. Titan Machinery’s revenue for the quarter was up 10.1% compared to the same quarter last year.

Several brokerages recently commented on TITN. ValuEngine upgraded Titan Machinery from a “hold” rating to a “buy” rating in a research report on Friday, November 30th. BidaskClub upgraded Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Zacks Investment Research cut Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.00.

In related news, Chairman David Joseph Meyer sold 53,000 shares of the company’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $18.56, for a total value of $983,680.00. Following the completion of the sale, the chairman now owns 662,864 shares of the company’s stock, valued at $12,302,755.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.46% of the company’s stock.

A number of institutional investors have recently bought and sold shares of TITN. Jefferies Group LLC bought a new position in shares of Titan Machinery during the 3rd quarter worth approximately $158,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Titan Machinery in the third quarter worth about $159,000. Virtu Financial LLC purchased a new position in Titan Machinery during the 3rd quarter valued at about $170,000. Trexquant Investment LP bought a new stake in shares of Titan Machinery in the 3rd quarter worth approximately $178,000. Finally, MetLife Investment Advisors LLC lifted its position in Titan Machinery by 56.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 14,531 shares of the company’s stock valued at $225,000 after acquiring an additional 5,225 shares in the last quarter. Institutional investors and hedge funds own 78.23% of the company’s stock.

NASDAQ:TITN opened at $17.00 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.32 and a debt-to-equity ratio of 0.08. Titan Machinery has a twelve month low of $11.99 and a twelve month high of $25.09. The company has a market cap of $326.16 million, a price-to-earnings ratio of -141.67 and a beta of 1.82.

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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