Titan International Inc (NYSE:TWI) Expected to Post Earnings of $0.15 Per Share
Analysts forecast that Titan International Inc (NYSE:TWI) will announce earnings of $0.15 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Titan International’s earnings. Titan International posted earnings of $0.02 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 650%. The business is scheduled to issue its next earnings results before the market opens on Thursday, August 1st.
On average, analysts expect that Titan International will report full-year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.44. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.58 per share, with EPS estimates ranging from $0.55 to $0.60. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Titan International.
Titan International (NYSE:TWI) last posted its quarterly earnings results on Friday, May 3rd. The industrial products company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.13). The company had revenue of $410.40 million for the quarter, compared to analysts’ expectations of $429.30 million. Titan International had a negative return on equity of 2.44% and a negative net margin of 0.77%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS.
Several hedge funds have recently added to or reduced their stakes in the business. Comerica Bank grew its position in Titan International by 3.8% during the first quarter. Comerica Bank now owns 50,211 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 1,816 shares in the last quarter. Principal Financial Group Inc. grew its position in Titan International by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 408,612 shares of the industrial products company’s stock valued at $1,904,000 after purchasing an additional 2,484 shares in the last quarter. SG Americas Securities LLC grew its position in Titan International by 14.7% during the first quarter. SG Americas Securities LLC now owns 19,901 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 2,544 shares in the last quarter. Legal & General Group Plc grew its position in Titan International by 2.8% during the fourth quarter. Legal & General Group Plc now owns 108,328 shares of the industrial products company’s stock valued at $509,000 after purchasing an additional 2,995 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Titan International by 8.4% during the second quarter. Crossmark Global Holdings Inc. now owns 39,040 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 3,029 shares in the last quarter. Institutional investors own 85.52% of the company’s stock.
Shares of TWI stock traded down $0.01 during mid-day trading on Wednesday, reaching $3.91. The company’s stock had a trading volume of 198,257 shares, compared to its average volume of 218,247. The firm’s 50 day moving average is $4.37. Titan International has a 12-month low of $3.82 and a 12-month high of $10.75. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.91 and a quick ratio of 0.97. The stock has a market cap of $235.20 million, a price-to-earnings ratio of 14.48 and a beta of 2.08.
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.005 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.51%. Titan International’s dividend payout ratio (DPR) is 7.41%.
Titan International Company Profile
Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.
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