Titan Machinery (TITN) Receiving Somewhat Favorable News Coverage, Study Shows

News coverage about Titan Machinery (NASDAQ:TITN) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Titan Machinery earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.4261832858956 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

NASDAQ TITN traded down $0.09 during trading hours on Tuesday, reaching $21.54. 43,978 shares of the stock traded hands, compared to its average volume of 204,195. Titan Machinery has a 1 year low of $11.68 and a 1 year high of $25.09. The company has a quick ratio of 0.39, a current ratio of 1.83 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $470.77, a price-to-earnings ratio of -179.67 and a beta of 1.44.

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Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results on Thursday, March 29th. The company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.04. Titan Machinery had a negative return on equity of 0.89% and a negative net margin of 0.59%. The business had revenue of $339.61 million for the quarter, compared to the consensus estimate of $315.08 million. During the same quarter last year, the business posted ($0.31) earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. equities analysts expect that Titan Machinery will post 0.55 earnings per share for the current fiscal year.

TITN has been the topic of a number of research reports. BidaskClub downgraded Titan Machinery from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. Zacks Investment Research downgraded Titan Machinery from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Robert W. Baird set a $26.00 price target on Titan Machinery and gave the company a “buy” rating in a research report on Thursday, March 29th. William Blair restated a “hold” rating on shares of Titan Machinery in a research report on Wednesday, April 4th. Finally, Craig Hallum restated a “buy” rating and set a $26.00 price target on shares of Titan Machinery in a research report on Thursday, March 29th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.00.

In other news, COO Bryan J. Knutson sold 2,374 shares of the firm’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $23.91, for a total transaction of $56,762.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 16.08% of the stock is currently owned by company insiders.

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About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment comprising agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.

Insider Buying and Selling by Quarter for Titan Machinery (NASDAQ:TITN)

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