Titan International (TWI) to Release Quarterly Earnings on Wednesday - MarketBeat

Titan International (NYSE:TWI - Get Rating) will announce its earnings results after the market closes on Wednesday, May 3rd. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Titan International (NYSE:TWI - Get Rating) last released its quarterly earnings results on Monday, February 27th. The industrial products company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The firm had revenue of $509.77 million during the quarter, compared to the consensus estimate of $523.31 million. Titan International had a net margin of 8.13% and a return on equity of 44.66%. On average, analysts expect Titan International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Titan International Trading Down 5.5 %

Shares of Titan International stock opened at $9.67 on Wednesday. Titan International has a 52-week low of $9.53 and a 52-week high of $19.81. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.04 and a quick ratio of 1.15. The company's fifty day moving average price is $11.74 and its two-hundred day moving average price is $13.84. The firm has a market capitalization of $607.98 million, a PE ratio of 3.49 and a beta of 2.20.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Titan International in a research note on Thursday, March 16th. They issued a "buy" rating on the stock.

Insider Buying and Selling

In other Titan International news, General Counsel Michael G. Troyanovich sold 40,000 shares of the company's stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $15.10, for a total value of $604,000.00. Following the completion of the transaction, the general counsel now directly owns 113,785 shares in the company, valued at approximately $1,718,153.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 19.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates bought a new position in shares of Titan International in the first quarter valued at $795,000. Bank of New York Mellon Corp increased its holdings in Titan International by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 479,897 shares of the industrial products company's stock worth $7,069,000 after buying an additional 5,399 shares during the last quarter. Citigroup Inc. increased its stake in shares of Titan International by 10.7% in the first quarter. Citigroup Inc. now owns 42,647 shares of the industrial products company's stock worth $628,000 after purchasing an additional 4,120 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Titan International by 65.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company's stock worth $51,000 after purchasing an additional 1,388 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Titan International by 54.0% in the first quarter. MetLife Investment Management LLC now owns 27,983 shares of the industrial products company's stock worth $412,000 after purchasing an additional 9,811 shares in the last quarter. 79.43% of the stock is owned by institutional investors.

About Titan International

(Get Rating)

Titan International, Inc is a holding company engaged in the manufacture of wheels, tires, and undercarriage industrial. It operates through the following segments: Agricultural, Earthmoving and Construction, and Consumer. The Agricultural segment manufactures rims, wheels, and tires for use in various agricultural and forestry equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Titan International, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Titan International wasn't on the list.

While Titan International currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by entering your email address below.

Get This Free Report

Adblock test (Why?)