Wall Street brokerages expect that Titan International Inc (NYSE:TWI) will announce $0.04 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Titan International’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.05. Titan International posted earnings per share of ($0.18) during the same quarter last year, which suggests a positive year-over-year growth rate of 122.2%. The firm is expected to issue its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Titan International will report full year earnings of $0.35 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.40. For the next financial year, analysts forecast that the firm will post earnings of $0.68 per share, with EPS estimates ranging from $0.65 to $0.70. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Titan International.
Titan International (NYSE:TWI) last issued its earnings results on Friday, February 23rd. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.03. Titan International had a negative return on equity of 6.94% and a negative net margin of 4.31%. The firm had revenue of $376.03 million for the quarter, compared to analysts’ expectations of $364.77 million. During the same quarter last year, the business earned ($0.25) earnings per share. The company’s revenue was up 22.4% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWI. Nationwide Fund Advisors raised its position in shares of Titan International by 69.7% during the third quarter. Nationwide Fund Advisors now owns 64,040 shares of the industrial products company’s stock worth $650,000 after purchasing an additional 26,300 shares during the period. Principal Financial Group Inc. raised its position in shares of Titan International by 1.7% during the third quarter. Principal Financial Group Inc. now owns 373,688 shares of the industrial products company’s stock worth $3,793,000 after purchasing an additional 6,143 shares during the period. Swiss National Bank raised its position in shares of Titan International by 14.4% during the third quarter. Swiss National Bank now owns 84,800 shares of the industrial products company’s stock worth $861,000 after purchasing an additional 10,700 shares during the period. BNP Paribas Arbitrage SA raised its position in Titan International by 40.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 27,304 shares of the industrial products company’s stock valued at $277,000 after buying an additional 7,862 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Titan International by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 558,943 shares of the industrial products company’s stock valued at $5,673,000 after buying an additional 16,746 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors.
NYSE:TWI traded up $0.20 during midday trading on Tuesday, reaching $12.61. 467,012 shares of the company were exchanged, compared to its average volume of 229,747. The company has a current ratio of 2.10, a quick ratio of 1.19 and a debt-to-equity ratio of 1.31. Titan International has a one year low of $7.97 and a one year high of $14.53. The stock has a market cap of $754.22, a P/E ratio of -25.73 and a beta of 1.69.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Wednesday, March 28th. Titan International’s dividend payout ratio is currently -4.08%.
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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