Q3 EPS Estimates for Titan Machinery Raised by Analyst

Key Points

• Northland Securities raised Titan Machinery’s Q3 2028 EPS estimate to $0.36 from $0.32, while the full-year consensus remains a loss of $1.63 per share.
• Titan Machinery recently reported a quarterly loss of $0.40 per share, missing estimates by $0.04, although revenue of $496.38 million exceeded expectations. The company posted negative net margin and return on equity.
• The stock was trading at $23.39 after rising 13.9%, while analysts maintained a “Hold” consensus and a $29 average price target; institutional investors own 78.38% of shares.

Titan Machinery Inc. (NASDAQ:TITN - Free Report) - Equities research analysts at Northland Securities increased their Q3 2028 earnings estimates for Titan Machinery in a research report issued on Wednesday, September 2nd. Northland Securities analyst T. Jackson now anticipates that the company will post earnings of $0.36 per share for the quarter, up from their prior forecast of $0.32. The consensus estimate for Titan Machinery's current full-year earnings is ($1.63) per share.

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

A number of other analysts have also issued reports on TITN. Weiss Ratings restated a "sell (d-)" rating on shares of Titan Machinery in a report on Monday, June 29th. Wall Street Zen downgraded Titan Machinery from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Finally, Robert W. Baird set a $29.00 price objective on Titan Machinery and gave the stock an "outperform" rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $29.00.

Titan Machinery Trading Up 13.9%

NASDAQ TITN opened at $23.39 on Thursday. Titan Machinery has a twelve month low of $13.21 and a twelve month high of $25.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.22 and a current ratio of 1.38. The stock has a market cap of $544.99 million, a price-to-earnings ratio of -9.39 and a beta of 1.43. The firm's 50 day moving average price is $19.04 and its two-hundred day moving average price is $19.31.

Hedge Funds Weigh In On Titan Machinery

Several institutional investors and hedge funds have recently modified their holdings of TITN. William Blair Investment Management LLC acquired a new stake in Titan Machinery during the second quarter valued at $12,297,000. Deutsche Bank AG acquired a new position in Titan Machinery in the 2nd quarter worth about $12,914,000. Stephens Investment Management Group LLC increased its position in Titan Machinery by 30.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 559,589 shares of the company's stock worth $8,416,000 after purchasing an additional 129,215 shares during the last quarter. Nantahala Capital Management LLC purchased a new stake in shares of Titan Machinery during the 2nd quarter worth about $23,930,819. Finally, Janus Henderson Group PLC raised its stake in shares of Titan Machinery by 137.9% during the 1st quarter. Janus Henderson Group PLC now owns 719,639 shares of the company's stock worth $12,032,000 after purchasing an additional 417,190 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

About Titan Machinery

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.

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