Titan America SA Declares Quarterly Dividend of $0.04 (NYSE:TTAM)

Key Points

• Titan America declared a quarterly dividend of $0.04 per share (annualized yield ~1.0%); shareholders of record are June 18 and the dividend is payable July 7 (ex-dividend date June 18).
• The firm reported Q1 EPS of $0.18 versus a $0.20 consensus (revenue $398.4M, +1.5% YoY), and the stock trades around $16.51 with a market cap of $3.04B and a P/E of 16.17.
• Analysts hold a consensus rating of "Hold" with an average target of $17 after several recent downgrades (including Zacks to "strong sell" and Wall Street Zen to "hold").

Titan America SA (NYSE:TTAM - Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Thursday, June 18th will be given a dividend of 0.04 per share on Tuesday, July 7th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, June 18th.

Titan America Stock Performance

TTAM opened at $16.51 on Wednesday. The firm's fifty day simple moving average is $16.13 and its two-hundred day simple moving average is $16.43. Titan America has a 52-week low of $12.18 and a 52-week high of $19.42. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.15 and a beta of 1.24. The company has a quick ratio of 1.91, a current ratio of 3.03 and a debt-to-equity ratio of 0.43.

Titan America (NYSE:TTAM - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $398.42 million for the quarter. Titan America had a return on equity of 19.07% and a net margin of 11.14%.The firm's revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. Equities analysts anticipate that Titan America will post 1.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTAM has been the subject of several research reports. Zacks Research lowered Titan America from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 22nd. Wall Street Zen downgraded Titan America from a "buy" rating to a "hold" rating in a research note on Monday, April 13th. Finally, Citigroup reduced their price target on Titan America from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Titan America currently has a consensus rating of "Hold" and an average target price of $17.00.

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. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).

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