Titan Machinery (TITN) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Titan Machinery in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TITN shares.
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5 brokerages have issued 1 year price targets for Titan Machinery's stock. Their TITN share price forecasts range from $30.00 to $50.00. On average, they anticipate the company's stock price to reach $42.50 in the next twelve months. This suggests a possible upside of 61.7% from the stock's current price.
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Titan Machinery's stock was trading at $39.73 at the beginning of 2023. Since then, TITN stock has decreased by 33.9% and is now trading at $26.28.
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Titan Machinery saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 223,900 shares, an increase of 37.3% from the August 15th total of 163,100 shares. Based on an average trading volume of 186,500 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
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Titan Machinery Inc. (NASDAQ:TITN) announced its earnings results on Thursday, August, 31st. The company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.21. The firm had revenue of $642.60 million for the quarter, compared to analysts' expectations of $599.86 million. Titan Machinery had a trailing twelve-month return on equity of 21.40% and a net margin of 4.78%. The business's revenue was up 29.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 earnings per share.

ETFs with the largest weight of Titan Machinery (NASDAQ:TITN) stock in their portfolio include Global X AgTech & Food Innovation ETF (KROP), First Trust Dow Jones Select Microcap Index Fund (FDM), Roundhill Acquirers Deep Value ETF (DEEP) and ERShares NextGen Entrepreneurs ETF (ERSX).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

Titan Machinery issued an update on its FY 2024 earnings guidance on Friday, September, 1st. The company provided earnings per share (EPS) guidance of $4.60-$5.25 for the period, compared to the consensus earnings per share estimate of $4.90. The company issued revenue guidance of -.

25 employees have rated Titan Machinery Chief Executive Officer David J. Meyer on Glassdoor.com. David J. Meyer has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Titan Machinery investors own include Intel (INTC), Micron Technology (MU), Starbucks (SBUX), Cisco Systems (CSCO), General Electric (GE), Pfizer (PFE), Twitter (TWTR), Verizon Communications (VZ), AbbVie (ABBV) and Adobe (ADBE).

Titan Machinery trades on the NASDAQ under the ticker symbol "TITN."

Titan Machinery's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.87%), BlackRock Inc. (7.50%), Principal Financial Group Inc. (5.61%), Global Alpha Capital Management Ltd. (3.91%), Nuveen Asset Management LLC (2.32%) and Nuveen Asset Management LLC (2.32%). Insiders that own company stock include Bryan J Knutson, David Joseph Meyer, Stan K Erickson and Tony Christianson.
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Shares of TITN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TITN stock can currently be purchased for approximately $26.28.

Titan Machinery (NASDAQ:TITN) has a market capitalization of $600.76 million and generates $2.21 billion in revenue each year. The company earns $101.87 million in net income (profit) each year or $5.19 on an earnings per share basis.

The company employs 2,886 workers across the globe.

Titan Machinery's mailing address is 644 EAST BEATON DRIVE, WEST FARGO ND, 58078. The official website for the company is www.titanmachinery.com. The company can be reached via phone at (701) 356-0130, via email at john.mills@icrinc.com, or via fax at 701-356-0139.