Titan America SA (TTAM) to Issue Dividend of $0.04 on December 29th

Titan America SA (NYSE:TTAM) announced a dividend on Friday, January 1st. Shareholders of record on Wednesday, December 17th will be given a dividend of 0.04 per share on Monday, December 29th. The ex-dividend date of this dividend is Wednesday, December 17th.

Titan America Stock Performance

Shares of Titan America stock opened at $16.63 on Monday. The firm has a market cap of $3.06 billion and a PE ratio of 16.79. The company has a quick ratio of 1.87, a current ratio of 2.95 and a debt-to-equity ratio of 0.45. Titan America has a 52 week low of $10.80 and a 52 week high of $17.78. The business’s fifty day simple moving average is $15.42 and its 200-day simple moving average is $14.76.

Titan America (NYSE:TTAM) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $436.85 million for the quarter, compared to analyst estimates of $439.30 million. Titan America had a net margin of 10.83% and a return on equity of 19.80%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen raised Titan America from a “hold” rating to a “buy” rating in a research report on Saturday, November 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Titan America in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Titan America has a consensus rating of “Hold” and an average target price of $17.21.

Titan America Company Profile

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials.