Q1 2024 EPS Estimates for Titan International, Inc. Cut by Sidoti Csr (NYSE:TWI)

Titan International, Inc. (NYSE:TWI - Free Report) - Equities researchers at Sidoti Csr dropped their Q1 2024 EPS estimates for Titan International in a note issued to investors on Monday, April 15th. Sidoti Csr analyst S. Ferazani now expects that the industrial products company will post earnings of $0.42 per share for the quarter, down from their prior forecast of $0.44. The consensus estimate for Titan International's current full-year earnings is $1.42 per share. Sidoti Csr also issued estimates for Titan International's Q2 2024 earnings at $0.44 EPS, Q4 2024 earnings at $0.21 EPS, Q2 2025 earnings at $0.50 EPS and Q3 2025 earnings at $0.31 EPS.

Titan International (NYSE:TWI - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.06. Titan International had a net margin of 4.32% and a return on equity of 22.57%. The firm had revenue of $390.20 million for the quarter, compared to analysts' expectations of $418.05 million.

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

Titan International Stock Down 1.6 %

Shares of NYSE TWI traded down $0.19 during trading on Wednesday, reaching $11.45. 334,320 shares of the stock were exchanged, compared to its average volume of 280,019. The business's 50-day moving average price is $12.89 and its 200 day moving average price is $13.35. Titan International has a twelve month low of $9.23 and a twelve month high of $15.33. The company has a quick ratio of 1.37, a current ratio of 2.35 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $694.39 million, a price-to-earnings ratio of 9.16 and a beta of 2.09.

Insider Transactions at Titan International

In other news, CAO Anthony Eheli sold 2,500 shares of the business's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $12.42, for a total transaction of $31,050.00. Following the transaction, the chief accounting officer now directly owns 52,918 shares of the company's stock, valued at $657,241.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 18.30% of the company's stock.

Institutional Trading of Titan International

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Titan International by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 3,868,057 shares of the industrial products company's stock valued at $57,557,000 after acquiring an additional 154,060 shares in the last quarter. Syon Capital LLC bought a new stake in Titan International during the fourth quarter valued at $244,000. Price T Rowe Associates Inc. MD increased its stake in Titan International by 8.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,334 shares of the industrial products company's stock valued at $630,000 after purchasing an additional 3,417 shares during the last quarter. Barclays PLC increased its stake in Titan International by 43.4% during the fourth quarter. Barclays PLC now owns 125,110 shares of the industrial products company's stock valued at $1,862,000 after purchasing an additional 37,841 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Titan International by 1.1% during the fourth quarter. Nuveen Asset Management LLC now owns 151,854 shares of the industrial products company's stock valued at $2,260,000 after purchasing an additional 1,597 shares during the last quarter. 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.