Titan Machinery (NASDAQ:TITN) Issues FY 2027 Earnings Guidance

Key Points

• Titan Machinery issued FY2027 EPS guidance of -1.75 to -1.25, well below the consensus of -0.95, and did not provide revenue guidance.
• Shares rose about 5.7% to $19.86 after the update; the company last reported a quarterly loss of ($1.43) per share (missing estimates) while revenue of $641.8M topped expectations.
• Analysts have grown cautious with recent downgrades and a consensus rating of Hold and a $20.50 average price target, while institutional investors own roughly 78% of the stock.

Titan Machinery (NASDAQ:TITN - Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of -1.750--1.250 for the period, compared to the consensus earnings per share estimate of -0.950. The company issued revenue guidance of -.

Titan Machinery Stock Up 5.7%

Shares of TITN stock traded up $1.08 during mid-day trading on Thursday, reaching $19.86. 69,757 shares of the company were exchanged, compared to its average volume of 179,233. Titan Machinery has a fifty-two week low of $13.21 and a fifty-two week high of $23.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.41. The company has a market capitalization of $463.61 million, a P/E ratio of -8.34 and a beta of 1.26. The business's 50 day simple moving average is $17.84 and its 200 day simple moving average is $16.78.

Titan Machinery (NASDAQ:TITN - Get Free Report) last released its quarterly earnings results on Thursday, March 19th. The company reported ($1.43) earnings per share for the quarter, missing analysts' consensus estimates of ($0.99) by ($0.44). Titan Machinery had a negative return on equity of 8.40% and a negative net margin of 2.23%.The company had revenue of $641.83 million for the quarter, compared to analyst estimates of $615.53 million.

Analyst Ratings Changes

A number of analysts have recently weighed in on TITN shares. Wall Street Zen downgraded shares of Titan Machinery from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Titan Machinery in a report on Thursday, January 22nd. Finally, Robert W. Baird decreased their price objective on shares of Titan Machinery from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 20th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Titan Machinery has an average rating of "Hold" and a consensus price target of $20.50.

Hedge Funds Weigh In On Titan Machinery

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP boosted its holdings in shares of Titan Machinery by 189.8% during the third quarter. Quarry LP now owns 1,536 shares of the company's stock valued at $26,000 after acquiring an additional 1,006 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Titan Machinery by 352.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company's stock valued at $52,000 after acquiring an additional 2,043 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Titan Machinery by 94.3% during the third quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company's stock valued at $67,000 after acquiring an additional 1,957 shares during the period. State of Wyoming boosted its holdings in shares of Titan Machinery by 48.2% during 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 period. Finally, Graham Capital Management L.P. boosted its holdings in shares of Titan Machinery by 8.1% during the fourth quarter. Graham Capital Management L.P. now owns 11,640 shares of the company's stock valued at $175,000 after acquiring an additional 869 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

About Titan Machinery

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.

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