Titan America (NYSE:TTAM) Posts Earnings Results, Beats Estimates By $0.02 EPS

Titan America (NYSE:TTAM - Get Free Report) announced its earnings results on Monday. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.02, Zacks reports. The business had revenue of $392.44 million for the quarter, compared to the consensus estimate of $391.96 million. The business's revenue was down 1.9% on a year-over-year basis.

Titan America Stock Up 0.4 %

Shares of Titan America stock traded up $0.05 during trading hours on Friday, reaching $13.90. 100,961 shares of the stock traded hands, compared to its average volume of 421,664. Titan America has a one year low of $10.80 and a one year high of $17.78. The business's 50 day moving average is $13.07.

Titan America Dividend Announcement

The company also recently declared a -- dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, June 4th.

Analyst Ratings Changes

TTAM has been the topic of several research reports. BNP Paribas raised shares of Titan America to a "hold" rating in a research note on Tuesday, March 4th. Jefferies Financial Group initiated coverage on Titan America in a research note on Wednesday, March 5th. They issued a "buy" rating and a $19.00 price target on the stock. Citigroup assumed coverage on Titan America in a report on Tuesday, March 4th. They issued a "buy" rating and a $19.00 target price on the stock. Sanford C. Bernstein began coverage on Titan America in a report on Tuesday, March 4th. They set a "market perform" rating and a $17.00 price target for the company. Finally, HSBC began coverage on shares of Titan America in a research note on Wednesday, March 12th. They issued a "buy" rating and a $19.00 price target on the stock. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Titan America currently has an average rating of "Moderate Buy" and an average price target of $17.29.

Titan America Company Profile

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials.