News headlines about Titan Machinery (NASDAQ:TITN) have trended somewhat positive on Monday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Titan Machinery earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the company an impact score of 25 out of 100, meaning that recent news coverage is very unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Alamo Group (ALG) vs. Titan Machinery (TITN) Financial Comparison (americanbankingnews.com)
- Why Titan Machinery (TITN) Might Be a Diamond in the Rough (finance.yahoo.com)
- Titan Machinery Inc. (TITN) Shares Sold by Granahan Investment Management Inc. MA (eleganthomesinla.com)
- Titan Machinery Inc. (TITN) Expected to Announce Quarterly Sales of $261.13 Million (nolopodrasdejardever.com)
- The Titan Machinery Inc. (TITN) Position Boosted by JPMorgan Chase & Co (campdesrecrues.com)
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Titan Machinery from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. ValuEngine raised Titan Machinery from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet raised Titan Machinery from a “d+” rating to a “c-” rating in a research report on Monday, April 10th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Titan Machinery has a consensus rating of “Hold” and a consensus target price of $19.00.
Shares of Titan Machinery (NASDAQ TITN) traded down 0.45% during trading on Monday, reaching $17.75. The company’s stock had a trading volume of 112,796 shares. The stock has a 50 day moving average of $17.19 and a 200-day moving average of $15.17. The company’s market capitalization is $379.35 million. Titan Machinery has a 1-year low of $8.68 and a 1-year high of $19.22.
Titan Machinery (NASDAQ:TITN) last posted its earnings results on Thursday, May 25th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.06. Titan Machinery had a negative net margin of 1.37% and a negative return on equity of 4.11%. The business had revenue of $264.10 million during the quarter, compared to analysts’ expectations of $257 million. During the same quarter in the prior year, the firm earned ($0.21) EPS. Titan Machinery’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, analysts expect that Titan Machinery will post $0.04 earnings per share for the current year.
In other Titan Machinery news, Chairman David Joseph Meyer sold 44,950 shares of Titan Machinery stock in a transaction on Friday, May 26th. The stock was sold at an average price of $17.25, for a total value of $775,387.50. Following the sale, the chairman now owns 724,660 shares in the company, valued at $12,500,385. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.08% of the stock is owned by insiders.
Titan Machinery Company Profile
Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.
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