Titan Machinery (TITN) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Titan Machinery in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TITN shares.
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2 equities research analysts have issued 12-month price targets for Titan Machinery's stock. Their TITN share price forecasts range from $30.00 to $53.00. On average, they expect the company's stock price to reach $42.33 in the next twelve months. This suggests a possible upside of 50.9% from the stock's current price.
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Titan Machinery's stock was trading at $39.73 on January 1st, 2023. Since then, TITN shares have decreased by 29.4% and is now trading at $28.06.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
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Titan Machinery Inc. (NASDAQ:TITN) announced its quarterly earnings data on Thursday, May, 25th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.19. The firm had revenue of $569.60 million for the quarter, compared to the consensus estimate of $595.52 million. Titan Machinery had a trailing twelve-month return on equity of 21.43% and a net margin of 4.80%. The company's quarterly revenue was up 23.6% on a year-over-year basis. During the same period last year, the company earned $0.79 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), Subversive Food Security ETF (KCAL), First Trust Dow Jones Select Microcap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Distillate Small/Mid Cash Flow ETF (DSMC), iShares US Small Cap Value Factor ETF (SVAL), ERShares NextGen Entrepreneurs ETF (ERSX) and Invesco DWA SmallCap Momentum ETF (DWAS).

Titan Machinery issued an update on its FY 2024 earnings guidance on Tuesday, May, 30th. The company provided EPS guidance of $4.50-$5.10 for the period, compared to the consensus EPS estimate of $4.91. 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 many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.01%), BlackRock Inc. (7.36%), Principal Financial Group Inc. (6.06%), Global Alpha Capital Management Ltd. (3.61%), State Street Corp (1.98%) and Aristotle Capital Boston LLC (1.84%). 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 $28.06.

Titan Machinery (NASDAQ:TITN) has a market capitalization of $635.84 million and generates $2.21 billion in revenue each year. The company earns $101.87 million in net income (profit) each year or $4.91 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.