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

Key Points

• Titan America SA declared a quarterly dividend of $0.04 per share, with an annualized dividend of $0.16 and a yield of 1.17% for shareholders of record on October 3rd.
• The company's recent earnings report revealed $0.28 earnings per share, which missed analysts' expectations of $0.31, and a 0.9% year-over-year decline in quarterly revenue.
• Analysts have varied reactions on Titan America's stock, with a consensus rating of "Hold" and a price target averaging $17.07, while Bank of America set a price objective of $14.00.

Titan America SA (NYSE:TTAM - Get Free Report) declared a quarterly dividend on Tuesday, July 29th, RTT News reports. Stockholders of record on Friday, October 3rd will be given a dividend of 0.04 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, October 3rd.

Titan America Trading Down 3.9%

Shares of Titan America stock traded down $0.56 during trading hours on Friday, reaching $13.79. The company's stock had a trading volume of 604,562 shares, compared to its average volume of 709,894. The business's 50 day moving average price is $13.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.36 and a current ratio of 2.30. Titan America has a one year low of $10.80 and a one year high of $17.78.

Titan America (NYSE:TTAM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The firm had revenue of $429.24 million for the quarter, compared to the consensus estimate of $436.95 million. The business's quarterly revenue was down .9% compared to the same quarter last year.

Wall Street Analyst Weigh In

TTAM has been the topic of several recent research reports. Stifel Nicolaus reiterated a "hold" rating and issued a $15.00 price objective (down from $17.00) on shares of Titan America in a research report on Monday, July 28th. Bank of America restated an "underperform" rating and set a $14.00 price target on shares of Titan America in a research report on Thursday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Titan America presently has an average rating of "Hold" and a consensus price target of $17.07.

About Titan America

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.