Titan Machinery (NASDAQ:TITN) Posts Earnings Results, Beats Expectations By $0.21 EPS

Titan Machinery (NASDAQ:TITN - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.79) by $0.21, Zacks reports. Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. Titan Machinery updated its FY 2026 guidance to -2.000--1.250 EPS.

Titan Machinery Stock Down 2.9%

Shares of Titan Machinery stock traded down $0.57 during midday trading on Thursday, reaching $19.37. 119,353 shares of the company's stock traded hands, compared to its average volume of 295,544. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32. Titan Machinery has a 52 week low of $12.30 and a 52 week high of $23.41. The company's 50 day simple moving average is $17.20 and its 200 day simple moving average is $16.18. The company has a market cap of $447.13 million, a price-to-earnings ratio of 14.44 and a beta of 1.35.

Insider Buying and Selling

In related news, Chairman David Joseph Meyer acquired 3,000 shares of the stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of $16.86 per share, with a total value of $50,580.00. Following the acquisition, the chairman now owns 138,388 shares in the company, valued at approximately $2,333,221.68. The trade was a 2.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders acquired 26,182 shares of company stock worth $439,661. Corporate insiders own 10.28% of the company's stock.

Institutional Investors Weigh In On Titan Machinery

An institutional investor recently raised its position in Titan Machinery stock. Royal Bank of Canada grew its position in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,882 shares of the company's stock after purchasing an additional 4,988 shares during the quarter. Royal Bank of Canada owned approximately 0.29% of Titan Machinery worth $1,140,000 as of its most recent SEC filing. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TITN. Baird R W upgraded shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Robert W. Baird dropped their price target on shares of Titan Machinery from $25.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Northland Capmk upgraded Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. B. Riley assumed coverage on Titan Machinery in a research note on Thursday, March 27th. They issued a "neutral" rating and a $19.00 target price on the stock. Finally, Northland Securities raised Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 target price on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.80.

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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