Q3 2024 EPS Estimates for Titan International, Inc. Cut by Sidoti Csr (NYSE:TWI)

Titan International, Inc. (NYSE:TWI - Free Report) - Analysts at Sidoti Csr lowered their Q3 2024 earnings per share estimates for shares of Titan International in a research report issued to clients and investors on Friday, May 3rd. Sidoti Csr analyst S. Ferazani now forecasts that the industrial products company will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.25. The consensus estimate for Titan International's current full-year earnings is $1.46 per share. Sidoti Csr also issued estimates for Titan International's Q1 2025 earnings at $0.35 EPS and Q4 2025 earnings at $0.19 EPS.

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 9.4 %

TWI traded down $0.95 during trading on Monday, reaching $9.08. The company had a trading volume of 1,604,173 shares, compared to its average volume of 320,223. The company has a market cap of $661.30 million, a P/E ratio of 10.20 and a beta of 2.09. Titan International has a 12 month low of $9.03 and a 12 month high of $15.33. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.33 and a quick ratio of 1.31. The business's fifty day moving average price is $12.11 and its 200 day moving average price is $13.19.

Titan International (NYSE:TWI - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.15). Titan International had a return on equity of 17.27% and a net margin of 3.20%. The business had revenue of $482.21 million for the quarter, compared to analyst estimates of $537.32 million. During the same period in the prior year, the business earned $0.53 EPS.

Hedge Funds Weigh In On Titan International

A number of large investors have recently modified their holdings of TWI. Byrne Asset Management LLC bought a new position in shares of Titan International in the first quarter valued at $25,000. Tradewinds Capital Management LLC bought a new position in shares of Titan International in the 1st quarter valued at about $100,000. SG Americas Securities LLC acquired a new position in shares of Titan International during the 3rd quarter worth about $139,000. Quantbot Technologies LP raised its holdings in shares of Titan International by 20.1% in the 3rd quarter. Quantbot Technologies LP now owns 11,564 shares of the industrial products company's stock valued at $155,000 after purchasing an additional 1,935 shares during the period. Finally, Boulder Hill Capital Management LP acquired a new stake in Titan International in the 4th quarter valued at about $161,000. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Anthony Eheli sold 2,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 52,918 shares of the company's stock, valued at approximately $657,241.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 32.50% of the stock is owned by corporate insiders.

Titan International Company Profile

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.