#5 - Titan International (NYSE:TWI)
Sector: Industrials
The fundamental problem facing Titan International (NYSE:TWI) is that the company was already reporting declining profits and stagnant to falling revenues as the economy was still in a bull market. Today prospects look cloudy, at best, for the manufacturer of aftermarket products for farm equipment.
TWI stock is down by nearly 60% in 2020. The stock took a negative turn after posting a larger than expected loss of 40 cents per share (analysts had been forecasting a negative 9 cents per share). But what made this number worse was that it was also worse on a year-over-year basis. The stock posted a negative EPS of 21 cents per share in the prior-year period.
And to make matters worse, the company has failed to surpass analysts’ estimates for the last four quarters. The last analyst to offer an opinion on Titan was Sidoti in June of 2019. At that time, the company received a Buy rating with an $8 price target. Given the company’s declining profits, it seems unlikely they will be able to hit that target.
About Titan International
Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.
Read More - Current Price
- $8.26
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
