Titan Machinery Inc. (TITN) Expected to Post Earnings of -$0.05 Per Share

Wall Street analysts expect Titan Machinery Inc. (NASDAQ:TITN) to announce earnings of ($0.05) per share for the current quarter, according to Zacks. Two analysts have issued estimates for Titan Machinery’s earnings. Titan Machinery posted earnings per share of ($0.07) during the same quarter last year, which indicates a positive year over year growth rate of 28.6%. The business is expected to issue its next earnings report on Thursday, May 30th.

On average, analysts expect that Titan Machinery will report full-year earnings of $0.85 per share for the current year. For the next fiscal year, analysts expect that the business will report earnings of $1.10 per share, with EPS estimates ranging from $1.00 to $1.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Titan Machinery.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.05). The company had revenue of $359.60 million during the quarter, compared to analysts’ expectations of $356.05 million. Titan Machinery had a return on equity of 4.46% and a net margin of 0.96%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.10) EPS.

TITN has been the subject of several analyst reports. ValuEngine raised shares of Titan Machinery from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. Zacks Investment Research lowered shares of Titan Machinery from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. BidaskClub upgraded shares of Titan Machinery from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. William Blair reiterated a “market perform” rating on shares of Titan Machinery in a report on Wednesday, January 30th. Finally, TheStreet upgraded shares of Titan Machinery from a “c+” rating to a “b” rating in a report on Wednesday, February 13th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of $22.00.

TITN traded down $0.10 on Wednesday, hitting $16.70. The company had a trading volume of 1,709 shares, compared to its average volume of 289,737. The firm has a market cap of $369.57 million, a P/E ratio of 24.81 and a beta of 2.16. Titan Machinery has a 12-month low of $11.99 and a 12-month high of $22.00. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 0.08.

Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its holdings in Titan Machinery by 51.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,534 shares of the company’s stock worth $33,000 after buying an additional 866 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Titan Machinery by 33.3% during the 4th quarter. Macquarie Group Ltd. now owns 3,199 shares of the company’s stock worth $42,000 after buying an additional 800 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in Titan Machinery during the 4th quarter worth approximately $48,000. Legal & General Group Plc lifted its holdings in Titan Machinery by 51.7% during the 4th quarter. Legal & General Group Plc now owns 4,110 shares of the company’s stock worth $55,000 after buying an additional 1,400 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in Titan Machinery by 425.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,453 shares of the company’s stock worth $85,000 after buying an additional 5,225 shares in the last quarter. Institutional investors own 77.43% of the company’s stock.

Titan Machinery Company Profile

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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