Titan Machinery (NASDAQ:TITN) Announces Earnings Results

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) posted its quarterly earnings results on Thursday. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.30, Zacks reports. Titan Machinery had a negative return on equity of 8.22% and a negative net margin of 2.23%. Titan Machinery updated its FY 2026 guidance to -2.000--1.500 EPS.

Titan Machinery Stock Performance

Shares of NASDAQ:TITN opened at $21.01 on Thursday. Titan Machinery has a 12-month low of $12.50 and a 12-month high of $23.41. The company's 50 day moving average price is $19.85 and its two-hundred day moving average price is $18.36. The firm has a market cap of $484.91 million, a PE ratio of -7.99 and a beta of 1.37. The company has a quick ratio of 0.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.33.

Hedge Funds Weigh In On Titan Machinery

A number of hedge funds have recently added to or reduced their stakes in TITN. Gabelli Funds LLC raised its holdings in Titan Machinery by 1.1% in the 2nd quarter. Gabelli Funds LLC now owns 95,500 shares of the company's stock valued at $1,892,000 after acquiring an additional 1,000 shares in the last quarter. Raymond James Financial Inc. raised its stake in Titan Machinery by 71.2% in the second quarter. Raymond James Financial Inc. now owns 81,104 shares of the company's stock valued at $1,607,000 after purchasing an additional 33,720 shares in the last quarter. Royal Bank of Canada raised its stake in Titan Machinery by 8.1% in the first quarter. Royal Bank of Canada now owns 66,882 shares of the company's stock valued at $1,140,000 after purchasing an additional 4,988 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Titan Machinery by 330.3% during the second quarter. JPMorgan Chase & Co. now owns 49,889 shares of the company's stock worth $988,000 after purchasing an additional 38,296 shares during the period. Finally, Jump Financial LLC grew its stake in Titan Machinery by 11.3% during the second quarter. Jump Financial LLC now owns 38,300 shares of the company's stock worth $759,000 after buying an additional 3,874 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TITN. B. Riley raised their target price on shares of Titan Machinery from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, May 27th. Wall Street Zen lowered shares of Titan Machinery from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Lake Street Capital reiterated a "hold" rating and issued a $18.00 target price (up from $15.00) on shares of Titan Machinery in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $22.25.

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.

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