Titan International Inc (NYSE:TWI) Expected to Announce Earnings of $0.15 Per Share

Equities analysts predict that Titan International Inc (NYSE:TWI) will report $0.15 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Titan International’s earnings. Titan International posted earnings per share of $0.02 during the same quarter last year, which would suggest a positive year-over-year growth rate of 650%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, August 1st.

According to Zacks, analysts expect that Titan International will report full-year earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.30 to $0.44. For the next year, analysts anticipate that the firm will report earnings of $0.58 per share, with EPS estimates ranging from $0.55 to $0.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Titan International.

Titan International (NYSE:TWI) last released its quarterly earnings results on Friday, May 3rd. The industrial products company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.13). The company had revenue of $410.40 million during the quarter, compared to analyst estimates of $429.30 million. Titan International had a negative net margin of 0.77% and a negative return on equity of 2.44%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS.

A number of brokerages have recently commented on TWI. Zacks Investment Research lowered shares of Titan International from a “hold” rating to a “sell” rating in a research report on Wednesday, June 26th. Sidoti set a $8.00 price objective on shares of Titan International and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Titan International has a consensus rating of “Hold” and an average target price of $10.94.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Titan International by 1.8% during the fourth quarter. BlackRock Inc. now owns 7,792,235 shares of the industrial products company’s stock worth $36,311,000 after buying an additional 134,853 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Titan International by 8.7% during the 4th quarter. Bank of New York Mellon Corp now owns 614,557 shares of the industrial products company’s stock worth $2,864,000 after purchasing an additional 49,386 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Titan International by 106.2% during the 4th quarter. Hsbc Holdings PLC now owns 44,082 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 22,701 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Titan International by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,351,692 shares of the industrial products company’s stock worth $20,279,000 after purchasing an additional 31,199 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Titan International by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 518,437 shares of the industrial products company’s stock worth $2,415,000 after purchasing an additional 7,654 shares during the last quarter. 85.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of TWI stock traded up $0.04 during trading on Wednesday, reaching $3.78. The company’s stock had a trading volume of 273,789 shares, compared to its average volume of 422,587. The firm’s fifty day moving average is $4.33. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $234.60 million, a P/E ratio of 14.00 and a beta of 2.08. Titan International has a one year low of $3.53 and a one year high of $10.75.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, June 27th. Titan International’s dividend payout ratio is presently 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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