Titan Machinery (NASDAQ:TITN) posted its earnings results on Tuesday. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03), Briefing.com reports. The business had revenue of $360.90 million for the quarter, compared to analyst estimates of $373.65 million. Titan Machinery had a return on equity of 5.20% and a net margin of 1.04%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. Titan Machinery updated its FY20 guidance to $0.75-0.85 EPS.
TITN stock opened at $14.18 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.26 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $403.04 million, a PE ratio of 21.16 and a beta of 2.36. Titan Machinery has a 1-year low of $11.99 and a 1-year high of $21.88. The business’s 50 day simple moving average is $16.68 and its 200 day simple moving average is $17.13.
A number of research firms recently weighed in on TITN. BidaskClub raised Titan Machinery from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. ValuEngine lowered Titan Machinery from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Stephens reissued a “hold” rating and set a $23.00 target price on shares of Titan Machinery in a report on Wednesday. Finally, Zacks Investment Research raised Titan Machinery from a “sell” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Sunday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Titan Machinery currently has an average rating of “Hold” and a consensus target price of $22.00.
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 Industrial family of brands, as well as equipment from various other manufacturers.
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