NASDAQ:TITN

Titan Machinery (TITN) Stock Forecast, Price & News

$28.81

-0.81 (-2.73%)

(As of 04:00 PM ET)

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Today's Range: $28.73
▼
$29.65
50-Day Range: $25.25
▼
$35.12
52-Week Range: $21.50
▼
$47.87

Volume: 231,051 shs
Average Volume: 314,764 shs
Market Capitalization: $652.95 million

P/E Ratio: 5.87
Dividend Yield: N/A
Price Target: $42.33

Titan Machinery MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 45.5% Upside
$42.33 Price Target
Short Interest: Healthy
1.24% of Float Sold Short
Dividend Strength: N/A
Sustainability: -3.52
Upright™ Environmental Score
News Sentiment: -0.03
Based on 10 Articles This Week
Insider Trading: Acquiring Shares
$89,010 Bought Last Quarter
Proj. Earnings Growth: -2.10%
From $4.77 to $4.67 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Retail/Wholesale Sector

51st out of 208 stocks

Retail Stores, Not Elsewhere Classified Industry

4th out of 12 stocks

3.3

Analyst's Opinion

Consensus Rating
Titan Machinery has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.33, Titan Machinery has a forecasted upside of 45.5% from its current price of $29.09.
Amount of Analyst Coverage
Titan Machinery has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.24% of the float of Titan Machinery has been sold short.
Short Interest Ratio / Days to Cover
Titan Machinery has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Titan Machinery has recently decreased by 11.90%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Titan Machinery does not currently pay a dividend.
Dividend Growth
Titan Machinery does not have a long track record of dividend growth.

1.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Titan Machinery has received a -34.46% net impact score from Upright. The largest negative impact of Titan Machinery in category "GHG emissions" seems to be driven mostly by its "Retail and wholesale of loader tractors", "Retail and wholesale of road rollers", "Retail and wholesale of agricultural tractors", "Retail and wholesale of backhoe loaders", "Retail and wholesale of motor graders", and "Retail and wholesale of tractor implements for tillage" products. See details.
Environmental Sustainability
The Environmental Impact score for Titan Machinery is -3.52.

2.2

News and Social Media Coverage

News Sentiment
Titan Machinery has a news sentiment score of -0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Titan Machinery this week, compared to 3 articles on an average week.
Search Interest
6 people have searched for TITN on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.
MarketBeat Follows
2 people have added Titan Machinery to their MarketBeat watchlist in the last 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Titan Machinery insiders have bought more of their company's stock than they have sold. Specifically, they have bought $89,010.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
10.51% of the stock of Titan Machinery is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
81.30% of the stock of Titan Machinery is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Titan Machinery are expected to decrease by -2.10% in the coming year, from $4.77 to $4.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Titan Machinery is 5.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Titan Machinery is 5.92, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 35.10.
Price to Book Value per Share Ratio
Titan Machinery has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Titan Machinery (NASDAQ:TITN) Stock

Titan Machinery, Inc. engages in the management of agricultural and construction equipment stores. It operates through the following segments: Agriculture, Construction and International. The Agriculture segment sells services and rents machinery and related parts and attachments, for uses from large-scale farming to home and garden use in North America. The Construction segment focuses on machinery and related parts and attachments, for uses from heavy construction to light industrial machinery. The International segment deals with the customers in Eastern Europe. The company was founded by David Joseph Meyer in 1980 and is headquartered in West Fargo, ND.

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TITN Stock News Headlines

June 2, 2023 | americanbankingnews.com

B. Riley Analysts Lower Earnings Estimates for Titan Machinery Inc. (NASDAQ:TITN)

June 1, 2023 | americanbankingnews.com

B. Riley Comments on Titan Machinery Inc.'s Q2 2024 Earnings (NASDAQ:TITN)

June 8, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Software" to Revolutionize Warfare

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June 1, 2023 | americanbankingnews.com

Titan Machinery (NASDAQ:TITN) Releases FY 2024 Earnings Guidance

May 31, 2023 | msn.com

B. Riley Securities Maintains Titan Machinery (TITN) Buy Recommendation

May 31, 2023 | americanbankingnews.com

Titan Machinery (NASDAQ:TITN) PT Lowered to $44.00

May 30, 2023 | americanbankingnews.com

Q2 2024 EPS Estimates for Titan Machinery Inc. (NASDAQ:TITN) Increased by Analyst

May 27, 2023 | americanbankingnews.com

Titan Machinery (NASDAQ:TITN) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

June 8, 2023 | Behind the Markets (Ad)

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May 26, 2023 | msn.com

Titan Machinery (TITN) Q1 Earnings Top Estimates, Sales Miss

May 26, 2023 | msn.com

Stephens & Co. Reiterates Titan Machinery (TITN) Overweight Recommendation

May 26, 2023 | finance.yahoo.com

Q1 2024 Titan Machinery Inc Earnings Call

May 25, 2023 | finance.yahoo.com

Titan Machinery (TITN) Q1 Earnings Top Estimates

May 25, 2023 | markets.businessinsider.com

Robert W. Baird Sticks to Their Hold Rating for Titan Machinery (TITN)

May 25, 2023 | msn.com

Why Are Titan Machinery Shares Plunging Today

May 25, 2023 | americanbankingnews.com

Titan Machinery (NASDAQ:TITN) Updates FY25 Earnings Guidance

May 25, 2023 | msn.com

Titan Machinery GAAP EPS of $1.19, revenue of $569.6M

May 25, 2023 | finance.yahoo.com

Titan Machinery Inc. Announces Results for Fiscal First Quarter Ended April 30, 2023

May 25, 2023 | markets.businessinsider.com

Titan Machinery earnings: here's what Wall Street expects

May 24, 2023 | msn.com

Titan Machinery Q1 2024 Earnings Preview

May 24, 2023 | americanbankingnews.com

Titan Machinery (TITN) to Release Earnings on Thursday

May 23, 2023 | finance.yahoo.com

Don't Overlook These 2 Top-Rated Stocks Before Earnings It's Time to Buy

May 23, 2023 | americanbankingnews.com

Titan Machinery (TITN) Scheduled to Post Earnings on Thursday

May 20, 2023 | americanbankingnews.com

Titan Machinery (NASDAQ:TITN) Now Covered by StockNews.com

May 11, 2023 | finance.yahoo.com

Titan Machinery Inc. to Report Fiscal First Quarter Ended April 30, 2023 Results on May 25, 2023

April 25, 2023 | finance.yahoo.com

Could The Market Be Wrong About Titan Machinery Inc. (NASDAQ:TITN) Given Its Attractive Financial Prospects?

April 15, 2023 | americanbankingnews.com

Titan Machinery Inc. (NASDAQ:TITN) Sees Large Drop in Short Interest

See More Headlines

TITN Price History

30 days | 90 days | 365 days | Advanced Chart

TITN Company Calendar

Last Earnings: 5/25/2023
Today: 6/08/2023
Next Earnings (Estimated): 8/24/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Retail stores, not elsewhere classified
Sub-Industry: Trading Companies & Distributors
Sector: Retail/Wholesale
Current Symbol: NASDAQ:TITN
CUSIP: 88830R10
CIK: 1409171
Web: www.titanmachinery.com
Phone: (701) 356-0130
Fax: 701-356-0139
Employees: 2,886
Year Founded: 1980

Price Target and Rating

Average Stock Price Forecast: $42.33
High Stock Price Forecast: $53.00
Low Stock Price Forecast: $30.00
Forecasted Upside/Downside: +42.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.91
Trailing P/E Ratio: 6.03
Forward P/E Ratio: 6.21
P/E Growth: N/A
Net Income: $101.87 million
Net Margins: 4.80%
Pretax Margin: 6.35%
Return on Equity: 21.43%
Return on Assets: 9.37%

Debt

Debt-to-Equity Ratio: 0.17
Current Ratio: 1.58
Quick Ratio: 0.29

Sales & Book Value

Annual Sales: $2.21 billion
Price / Sales: 0.30
Cash Flow: $5.95 per share
Price / Cash Flow: 4.98
Book Value: $24.89 per share
Price / Book: 1.19

Miscellaneous

Outstanding Shares: 22,660,000
Free Float: 20,282,000
Market Cap: $671.19 million
Optionable: Optionable
Beta: 1.65

Social Links

Key Executives

David Joseph Meyer
Chairman & Chief Executive Officer

Bryan Knutson
President & Chief Operating Officer

Robert Larsen
Chief Financial Officer & Treasurer

Nathan Johnson
Vice President-Technology

Steve Noack
Secretary, General Counsel & Compliance Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TITN Stock - Frequently Asked Questions

Should I buy or sell Titan Machinery stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Titan Machinery in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" TITN shares.
View TITN analyst ratings or view top-rated stocks.
What is Titan Machinery's stock price forecast for 2023?: 2 brokers have issued 1 year price objectives for Titan Machinery's stock. Their TITN share price forecasts range from $30.00 to $53.00. On average, they anticipate the company's share price to reach $42.33 in the next twelve months. This suggests a possible upside of 42.9% from the stock's current price.
View analysts price targets for TITN or view top-rated stocks among Wall Street analysts.
How have TITN shares performed in 2023?: Titan Machinery's stock was trading at $39.73 at the start of the year. Since then, TITN shares have decreased by 25.4% and is now trading at $29.62.
View the best growth stocks for 2023 here.
When is Titan Machinery's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our TITN earnings forecast.
How were Titan Machinery's earnings last quarter?: Titan Machinery Inc. (NASDAQ:TITN) released its earnings results on Thursday, May, 25th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.00 by $0.19. The firm had revenue of $569.60 million for the quarter, compared to analysts' expectations 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 quarter last year, the business posted $0.79 earnings per share.
What ETFs hold Titan Machinery's stock?: 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).
What guidance has Titan Machinery issued on next quarter's earnings?: Titan Machinery updated its FY 2024 earnings guidance on Tuesday, May, 30th. The company provided earnings per share guidance of $4.50-$5.10 for the period, compared to the consensus estimate of $4.91. The company issued revenue guidance of -.
What is David J. Meyer's approval rating as Titan Machinery's CEO?: 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.

What other stocks do shareholders of Titan Machinery own?: 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).
What is Titan Machinery's stock symbol?: Titan Machinery trades on the NASDAQ under the ticker symbol "TITN."
Who are Titan Machinery's major shareholders?: Titan Machinery's stock is owned by many different institutional and retail 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.
View institutional ownership trends.
How do I buy shares of Titan Machinery?: 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.
Compare Top Brokerages Here.
What is Titan Machinery's stock price today?: One share of TITN stock can currently be purchased for approximately $29.62.
How much money does Titan Machinery make?: Titan Machinery (NASDAQ:TITN) has a market capitalization of $671.19 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.
How many employees does Titan Machinery have?: The company employs 2,886 workers across the globe.
Does Titan Machinery have any subsidiaries?: The following companies are subsidiares of Titan Machinery: AGRAM Landtechnik Rollwitz GmbH, AGRAM Landtechnikvertrieb GmbH, Aberdeen Equipment Co., Anderson Power and Equipment Inc., Avoca Operations Inc., Farm Power Inc., Fergus International Inc., Greenfield Operations Inc., H.C. Clark Implement Co. Inc., HorizonWest, Huron Equipment Co., Jaycox, NW Property Solutions LLC, Piorier Equipment Company Inc, Quad County Implement Inc., RAJ Equipment, Red Power International Inc., Redfield Equipment Co., Reiten and Young International Inc., Richland County Implement Inc., Schoffman's Inc., Smith International Inc., Titan European Holdings S.a.r.l., Titan Machinery Austria GmbH, Titan Machinery Bulgaria AD, Titan Machinery Deutschland GmbH, Titan Machinery Romania S.R.L., Titan Machinery Ukraine LLC, Twin City Implement Inc., Valley Farm Equipment Inc., Vern Anderson Inc., Western Plains Machinery Co., and Winger Implement Inc..
Read More
How can I contact Titan Machinery?: 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.

This page (NASDAQ:TITN) was last updated on 6/8/2023 by MarketBeat.com Staff

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