Titan Machinery (NASDAQ:TITN) Releases Earnings Results, Beats Expectations By $0.30 EPS

Key Points

• Titan Machinery reported a quarterly earnings of ($0.26) earnings per share, exceeding the expected ($0.56) by $0.30.
• The company has updated its FY 2026 guidance to a range of -2.000 to -1.500 EPS, indicating potential ongoing challenges.
• Wall Street analysts have mixed ratings for Titan Machinery, with a consensus rating of "Buy" and an average target price of $22.25.

Titan Machinery (NASDAQ:TITN - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.56) by $0.30, Zacks reports. The firm had revenue of $546.43 million during the quarter, compared to analysts' expectations of $503.80 million. Titan Machinery had a negative net margin of 2.37% and a negative return on equity of 9.91%. Titan Machinery updated its FY 2026 guidance to -2.000--1.500 EPS.

Titan Machinery Price Performance

TITN traded up $0.42 during midday trading on Tuesday, reaching $20.42. 84,695 shares of the company's stock were exchanged, compared to its average volume of 246,318. The firm has a market capitalization of $471.29 million, a price-to-earnings ratio of -7.57 and a beta of 1.30. The company has a quick ratio of 0.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. Titan Machinery has a one year low of $12.50 and a one year high of $23.41. The business has a 50-day simple moving average of $19.90 and a two-hundred day simple moving average of $18.39.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TITN shares. Lake Street Capital reiterated a "hold" rating and issued a $18.00 price objective (up from $15.00) on shares of Titan Machinery in a report on Friday, May 23rd. Wall Street Zen upgraded shares of Titan Machinery from a "sell" rating to a "hold" rating in a report on Saturday. Finally, B. Riley upped their price objective on shares of Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $22.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC lifted its stake in Titan Machinery by 1.1% during the second quarter. Gabelli Funds LLC now owns 95,500 shares of the company's stock worth $1,892,000 after purchasing an additional 1,000 shares during the period. Tower Research Capital LLC TRC lifted its stake in Titan Machinery by 352.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company's stock worth $52,000 after purchasing an additional 2,043 shares during the period. Quantinno Capital Management LP raised its stake in shares of Titan Machinery by 19.1% in the second quarter. Quantinno Capital Management LP now owns 14,425 shares of the company's stock valued at $286,000 after acquiring an additional 2,312 shares during the last quarter. State of Wyoming raised its stake in shares of Titan Machinery by 48.2% in the second quarter. State of Wyoming now owns 9,442 shares of the company's stock valued at $187,000 after acquiring an additional 3,070 shares during the last quarter. Finally, Jump Financial LLC raised its stake in shares of Titan Machinery by 11.3% in the second quarter. Jump Financial LLC now owns 38,300 shares of the company's stock valued at $759,000 after acquiring an additional 3,874 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.