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

Titan America logo with Construction background

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

Titan America Trading Up 1.5 %

TTAM stock traded up $0.21 during midday trading on Thursday, hitting $13.97. The company's stock had a trading volume of 136,131 shares, compared to its average volume of 426,838. The business has a fifty day moving average price of $13.12. Titan America has a twelve month low of $10.80 and a twelve month high of $17.78.

Titan America Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, June 4th.

Wall Street Analyst Weigh In

TTAM has been the topic of a number of analyst reports. Hsbc Global Res raised Titan America to a "strong-buy" rating in a research note on Wednesday, March 12th. Stifel Nicolaus reduced their target price on Titan America from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, April 21st. BNP Paribas raised Titan America to a "hold" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group reduced their price objective on shares of Titan America from $19.00 to $16.50 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Finally, Citigroup assumed coverage on shares of Titan America in a report on Tuesday, March 4th. They issued a "buy" rating and a $19.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Titan America currently has a consensus rating of "Moderate Buy" and an average price target of $17.29.

Check Out Our Latest Analysis on Titan America

Titan America Company Profile

(Get Free Report)

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.

Further Reading

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