Northland Securities Comments on Titan Machinery FY2031 Earnings

Titan Machinery Inc. (NASDAQ:TITN) – Equities researchers at Northland Securities issued their FY2031 earnings per share estimates for shares of Titan Machinery in a research report issued on Friday, March 20th. Northland Securities analyst E. Jackson expects that the company will post earnings per share of ($0.15) for the year.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, March 19th. The company reported ($1.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.99) by ($0.44). Titan Machinery had a negative net margin of 2.23% and a negative return on equity of 8.29%. The firm had revenue of $641.83 million for the quarter, compared to analyst estimates of $615.53 million.

Other research analysts also recently issued reports about the stock. Robert W. Baird reduced their price target on shares of Titan Machinery from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Titan Machinery in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.50.

Titan Machinery Stock Performance

Titan Machinery stock opened at $16.24 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.24. Titan Machinery has a 12 month low of $13.21 and a 12 month high of $23.41. The company has a fifty day moving average price of $17.69 and a two-hundred day moving average price of $16.96. The company has a market cap of $379.53 million, a PE ratio of -6.82 and a beta of 1.23.

Institutional Investors Weigh In On Titan Machinery

A number of hedge funds have recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings in shares of Titan Machinery by 189.8% during the third quarter. Quarry LP now owns 1,536 shares of the company’s stock valued at $26,000 after acquiring an additional 1,006 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Titan Machinery in the 3rd quarter worth about $32,000. Tower Research Capital LLC TRC lifted its position in Titan Machinery by 352.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock valued at $52,000 after purchasing an additional 2,043 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Titan Machinery by 94.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company’s stock valued at $67,000 after purchasing an additional 1,957 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Titan Machinery during the 4th quarter valued at about $101,000. 78.38% of the stock is currently owned by institutional investors.

Titan Machinery Company Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.