Titan America SA (NYSE:TTAM) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Titan America SA (NYSE:TTAM) has received a consensus recommendation of "Hold" from analysts, with one sell, four hold, three buy, and one strong buy rating out of nine research firms covering the stock.
• The company's recent quarterly earnings reported an EPS of $0.28, falling short of analysts' expectations, with a revenue of $429.24 million, down 0.9% year-over-year.
• Titan America declared a quarterly dividend of $0.04 per share, scheduled for payment on October 15th, indicating a 1.1% dividend yield annually.

Shares of Titan America SA (NYSE:TTAM - Get Free Report) have earned a consensus rating of "Hold" from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $17.0714.

Several research analysts have recently issued reports on TTAM shares. Stifel Nicolaus reiterated a "hold" rating and issued a $15.00 price objective (down from $17.00) on shares of Titan America in a report on Monday, July 28th. Bank of America reiterated an "underperform" rating and issued a $14.00 price objective on shares of Titan America in a report on Thursday, July 24th.

Titan America Price Performance

NYSE TTAM traded up $0.02 on Friday, hitting $15.09. The stock had a trading volume of 51,057 shares, compared to its average volume of 414,583. 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. The company's 50-day moving average is $15.02 and its two-hundred day moving average is $13.87.

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

Titan America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be issued a $0.04 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.16 annualized dividend and a dividend yield of 1.1%.

Institutional Trading of Titan America

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new stake in Titan America during the second quarter worth approximately $28,000. Ameritas Investment Partners Inc. bought a new stake in Titan America during the second quarter worth approximately $31,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Titan America during the second quarter worth approximately $65,000. New York State Common Retirement Fund bought a new stake in Titan America during the second quarter worth approximately $96,000. Finally, PNC Financial Services Group Inc. bought a new stake in Titan America during the first quarter worth approximately $135,000.

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.