Brokers Issue Forecasts for Titan Machinery Q3 Earnings

Key Points

• Northland Securities cut its Q3 2027 EPS forecast for Titan Machinery to a loss of $0.08 from a projected profit of $0.02, while forecasting a $1.73 per-share loss for FY2027.
• Titan Machinery’s latest quarterly results missed expectations, with EPS of $(0.40) versus the $(0.36) consensus estimate, although revenue of $496.38 million exceeded forecasts.
• Analyst sentiment remains mixed: Robert W. Baird set a $29 price target and an outperform rating, while other firms issued sell opinions; the overall consensus is Hold with a $29 target.

Titan Machinery Inc. (NASDAQ:TITN - Free Report) - Research analysts at Northland Securities lowered their Q3 2027 earnings per share (EPS) estimates for shares of Titan Machinery in a note issued to investors on Wednesday, September 2nd. Northland Securities analyst T. Jackson now forecasts that the company will post earnings per share of ($0.08) for the quarter, down from their prior forecast of $0.02. The consensus estimate for Titan Machinery's current full-year earnings is ($1.63) per share. Northland Securities also issued estimates for Titan Machinery's Q4 2027 earnings at ($0.71) EPS, FY2027 earnings at ($1.73) EPS, Q1 2028 earnings at ($0.55) EPS, Q2 2028 earnings at ($0.17) EPS, Q4 2028 earnings at ($0.20) EPS, FY2028 earnings at ($0.56) EPS, FY2029 earnings at ($0.26) EPS, FY2030 earnings at ($0.06) EPS and FY2031 earnings at $0.02 EPS.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.04). Titan Machinery had a negative return on equity of 9.06% and a negative net margin of 2.46%.The business had revenue of $496.38 million for the quarter, compared to analysts' expectations of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750--1.250 EPS.

Other analysts have also issued research reports about the stock. Robert W. Baird set a $29.00 price target on shares of Titan Machinery and gave the stock an "outperform" rating in a research note on Monday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Titan Machinery in a research note on Monday, June 29th. Finally, Wall Street Zen lowered shares of Titan Machinery from a "hold" rating to a "sell" rating in a report on Saturday, August 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $29.00.

Titan Machinery Stock Performance

Titan Machinery stock opened at $22.83 on Friday. Titan Machinery has a 52 week low of $13.21 and a 52 week high of $25.00. The company has a current ratio of 1.38, a quick ratio of 0.22 and a debt-to-equity ratio of 0.34. The stock has a market cap of $531.94 million, a P/E ratio of -9.17 and a beta of 1.43. The stock has a 50 day moving average of $19.07 and a 200-day moving average of $19.33.

Hedge Funds Weigh In On Titan Machinery

A number of hedge funds have recently added to or reduced their stakes in TITN. State of Wyoming increased its stake in Titan Machinery by 3.0% during the first quarter. State of Wyoming now owns 24,568 shares of the company's stock valued at $411,000 after purchasing an additional 715 shares during the last quarter. Graham Capital Management L.P. lifted its position in shares of Titan Machinery by 8.1% in the 4th quarter. Graham Capital Management L.P. now owns 11,640 shares of the company's stock worth $175,000 after buying an additional 869 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of Titan Machinery by 1.1% in the 2nd quarter. Gabelli Funds LLC now owns 95,500 shares of the company's stock worth $1,892,000 after buying an additional 1,000 shares during the last quarter. Quarry LP boosted its holdings in shares of Titan Machinery by 189.8% in the 3rd quarter. Quarry LP now owns 1,536 shares of the company's stock valued at $26,000 after buying an additional 1,006 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Titan Machinery by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,364 shares of the company's stock valued at $337,000 after buying an additional 1,705 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Titan Machinery News Roundup

Here are the key news stories impacting Titan Machinery this week:

• Positive Sentiment: Robert W. Baird upgraded Titan Machinery, providing a fresh positive signal for the agricultural and construction equipment dealer. Titan Machinery Upgraded at Robert W. Baird
• Positive Sentiment: Options activity was unusually bullish: investors purchased 3,860 call options, versus typical daily volume of 257, an increase of 1,402%. Such activity can signal expectations for additional share-price strength, although it does not guarantee future gains.
• Positive Sentiment: Northland Securities substantially improved its longer-term outlook. The firm raised its FY2028 EPS estimate to a $0.56 loss from an $0.81 loss, FY2029 to a $0.26 loss from an $0.52 loss, FY2030 to a $0.06 loss from an $0.33 loss, and FY2031 to $0.02 profit from a $0.26 loss. It also raised several 2028 quarterly estimates and Q3 2028 EPS to $0.36 from $0.32, suggesting a path toward eventual profitability.
• Neutral Sentiment: An article examining the move highlighted Titan Machinery’s recent 10.22% increase, reinforcing the stock’s strong momentum but offering limited new fundamental information. Why Titan Machinery Stock Is Up 10.22%
• Negative Sentiment: Northland lowered its FY2027 EPS forecast to a $1.73 loss from a $1.67 loss and cut Q3 2027 expectations from $0.02 profit to an $0.08 loss. The firm’s current-year consensus remains a $1.63 per-share loss, underscoring continued near-term earnings pressure.

Titan Machinery Company Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source