Titan Machinery (NASDAQ:TITN) Issues FY 2027 Earnings Guidance

Key Points

• Titan Machinery issued FY 2027 EPS guidance of -$1.75 to -$1.25, below the analyst consensus estimate of -$1.46. The company did not provide a revenue forecast.
• In its latest quarter, Titan Machinery reported a loss of $0.40 per share, missing estimates by $0.04, while revenue of $496.38 million exceeded expectations of $483.78 million.
• Shares fell 1.7% to $18.81, while analysts maintain a consensus “Reduce” rating and a $17.00 price target. Institutional investors own 78.38% of the company.

Titan Machinery (NASDAQ:TITN - Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of -1.750--1.250 for the period, compared to the consensus EPS estimate of -1.460. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TITN shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Titan Machinery in a research report on Monday, June 29th. Wall Street Zen upgraded shares of Titan Machinery from a "sell" rating to a "hold" rating in a report on Saturday, June 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $17.00.

Titan Machinery Stock Down 1.7%

Titan Machinery stock opened at $18.81 on Thursday. The firm has a market capitalization of $438.27 million, a price-to-earnings ratio of -8.00 and a beta of 1.41. The firm's fifty day moving average price is $19.09 and its two-hundred day moving average price is $19.27. Titan Machinery has a 1-year low of $13.21 and a 1-year 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.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by ($0.04). Titan Machinery had a negative return on equity of 8.44% and a negative net margin of 2.28%.The business had revenue of $496.38 million during the quarter, compared to analyst estimates of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750--1.250 EPS. On average, equities research analysts predict that Titan Machinery will post -1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Titan Machinery by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,817,554 shares of the company's stock worth $30,426,000 after purchasing an additional 23,272 shares in the last quarter. Nantahala Capital Management LLC lifted its holdings in Titan Machinery by 11.3% during the fourth quarter. Nantahala Capital Management LLC now owns 1,220,520 shares of the company's stock worth $18,357,000 after acquiring an additional 124,288 shares during the period. Vanguard Group Inc. lifted its holdings in Titan Machinery by 4.1% during the third quarter. Vanguard Group Inc. now owns 1,214,954 shares of the company's stock worth $20,338,000 after acquiring an additional 48,343 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Titan Machinery by 26.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 561,602 shares of the company's stock worth $8,446,000 after purchasing an additional 117,138 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Titan Machinery by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 502,976 shares of the company's stock valued at $7,566,000 after purchasing an additional 1,728 shares during the period. 78.38% of the stock is owned by institutional investors.

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.

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