Zacks Small Cap Brokers Cut Earnings Estimates for Titan International, Inc. (NYSE:TWI)

Titan International, Inc. (NYSE:TWI) – Research analysts at Zacks Small Cap lowered their Q3 2024 EPS estimates for Titan International in a report released on Tuesday, May 7th. Zacks Small Cap analyst T. Kerr now expects that the industrial products company will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.36. The consensus estimate for Titan International’s current full-year earnings is $1.46 per share. Zacks Small Cap also issued estimates for Titan International’s Q4 2024 earnings at $0.32 EPS.

Titan International (NYSE:TWI) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). The firm had revenue of $482.21 million for the quarter, compared to analyst estimates of $537.32 million. Titan International had a return on equity of 17.27% and a net margin of 3.20%. During the same quarter in the previous year, the firm posted $0.53 EPS.

Separately, TheStreet cut shares of Titan International from a “b-” rating to a “c” rating in a report on Thursday, February 29th.

Titan International Stock Performance

Shares of Titan International stock opened at $8.87 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 2.33 and a debt-to-equity ratio of 0.88. Titan International has a 52 week low of $8.65 and a 52 week high of $15.33. The firm’s 50 day moving average is $12.00 and its two-hundred day moving average is $13.17. The firm has a market capitalization of $645.99 million, a P/E ratio of 9.96 and a beta of 2.09.

Insiders Place Their Bets

In related news, CAO Anthony Eheli sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $12.42, for a total transaction of $31,050.00. Following the transaction, the chief accounting officer now owns 52,918 shares in the company, valued at approximately $657,241.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 32.50% of the company’s stock.

Institutional Investors Weigh In On Titan International

Several large investors have recently modified their holdings of the company. Byrne Asset Management LLC purchased a new stake in Titan International in the 1st quarter valued at $25,000. Tradewinds Capital Management LLC acquired a new position in Titan International in the first quarter valued at $100,000. SG Americas Securities LLC acquired a new position in Titan International in the third quarter valued at $139,000. Boulder Hill Capital Management LP purchased a new stake in shares of Titan International in the fourth quarter valued at about $161,000. Finally, Quantbot Technologies LP boosted its stake in shares of Titan International by 20.1% during the third quarter. Quantbot Technologies LP now owns 11,564 shares of the industrial products company’s stock worth $155,000 after buying an additional 1,935 shares during the period. 80.39% of the stock is owned by institutional investors and hedge funds.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.