Titan America SA (NYSE:TTAM) Receives $17.07 Consensus PT from Analysts

Key Points

• Titan America SA has an average target price of $17.07 from analysts, with ratings ranging from one sell to one strong buy.
• The company missed earnings estimates for the quarter, reporting $0.28 earnings per share compared to the expected $0.31.
• A quarterly dividend of $0.04 has been announced, set to be paid on October 15, representing a 1.0% dividend yield.

Titan America SA (NYSE:TTAM - Get Free Report) has earned a consensus rating of "Hold" from the nine brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $17.0714.

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus reiterated a "hold" rating and issued a $15.00 price target (down previously from $17.00) on shares of Titan America in a research note on Monday, July 28th. Bank of America restated an "underperform" rating and set a $14.00 target price on shares of Titan America in a research note on Thursday, July 24th.

Hedge Funds Weigh In On Titan America

Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new position in shares of Titan America in the 2nd quarter worth approximately $28,000. Ameritas Investment Partners Inc. purchased a new stake in Titan America during the 2nd quarter valued at approximately $31,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Titan America during the 2nd quarter valued at approximately $65,000. New York State Common Retirement Fund purchased a new position in shares of Titan America in the second quarter valued at $96,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Titan America in the first quarter valued at $135,000.

Titan America Stock Performance

Titan America stock traded down $0.13 during mid-day trading on Wednesday, reaching $15.44. The stock had a trading volume of 73,711 shares, compared to its average volume of 428,354. The company's 50-day moving average price is $14.23. Titan America has a one year low of $10.80 and a one year high of $17.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.30 and a quick ratio of 1.36.

Titan America (NYSE:TTAM - Get Free Report) last announced 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 company had revenue of $429.24 million for the quarter, compared to the consensus estimate of $436.95 million. The company's revenue was down .9% on a year-over-year basis.

Titan America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.16 annualized dividend and a yield of 1.0%.

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.