Titan International (NYSE:TWI) Releases Earnings Results, Misses Estimates By $0.15 EPS

Titan International (NYSE:TWI - Get Free Report) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.15), Zacks reports. Titan International had a return on equity of 22.57% and a net margin of 4.32%. The firm had revenue of $482.21 million for the quarter, compared to analysts' expectations of $537.32 million. During the same period last year, the company posted $0.53 earnings per share. Titan International updated its Q2 2024 guidance to EPS.

Titan International Price Performance

NYSE:TWI traded down $0.72 during trading hours on Thursday, reaching $10.45. 1,260,411 shares of the company were exchanged, compared to its average volume of 296,405. The company has a current ratio of 2.35, a quick ratio of 1.37 and a debt-to-equity ratio of 0.88. The stock's 50-day moving average is $12.29 and its 200-day moving average is $13.23. The firm has a market cap of $761.49 million, a PE ratio of 8.36 and a beta of 2.09. Titan International has a twelve month low of $9.57 and a twelve month high of $15.33.

Insiders Place Their Bets

In other Titan International news, CAO Anthony Eheli sold 2,500 shares of the company'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 completion of the transaction, the chief accounting officer now directly owns 52,918 shares in the company, valued at $657,241.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.