NASDAQ:TITN - Titan Machinery Stock Price, Forecast & News

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

Titan Machinery Inc. (NASDAQ:TITN) released its quarterly earnings data on Tuesday, November, 26th. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.47 by $0.03. The firm earned $360.90 million during the quarter, compared to analyst estimates of $373.65 million. Titan Machinery had a return on equity of 4.88% and a net margin of 0.85%. The company's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. View Titan Machinery's Earnings History.

Titan Machinery is scheduled to release their next quarterly earnings announcement on Wednesday, March 25th 2020. View Earnings Estimates for Titan Machinery.

Titan Machinery issued an update on its FY20 earnings guidance on Tuesday, November, 26th. The company provided earnings per share (EPS) guidance of $0.75-0.85 for the period, compared to the Thomson Reuters consensus estimate of $0.87.

3 Wall Street analysts have issued 12 month target prices for Titan Machinery's stock. Their forecasts range from $23.00 to $24.00. On average, they anticipate Titan Machinery's share price to reach $23.50 in the next year. This suggests a possible upside of 79.7% from the stock's current price. View Analyst Price Targets for Titan Machinery.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Titan Machinery in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Titan Machinery.

Media coverage about TITN stock has trended extremely positive this week, according to InfoTrie. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Titan Machinery earned a daily sentiment score of 5.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the next few days. View News Stories for Titan Machinery.

Titan Machinery saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 412,500 shares, an increase of 27.0% from the December 15th total of 324,900 shares. Based on an average trading volume of 142,400 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.2% of the shares of the stock are short sold. View Titan Machinery's Current Options Chain.

Some companies that are related to Titan Machinery include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), Watsco (WSO), Air Lease (AL), MSC Industrial Direct (MSM), GATX (GATX), Applied Industrial Technologies (AIT), Beacon Roofing Supply (BECN), Aircastle (AYR), WESCO International (WCC), Kaman (KAMN), Rush Enterprises (RUSHA), H&E Equipment Services (HEES) and MRC Global (MRC).

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

Titan Machinery's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.40%), Assenagon Asset Management S.A. (0.12%) and Ingalls & Snyder LLC (0.11%). Company insiders that own Titan Machinery stock include Bryan J Knutson, David Joseph Meyer, Stan K Erickson and Tony Christianson. View Institutional Ownership Trends for Titan Machinery.

TITN stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A.. Company insiders that have sold Titan Machinery company stock in the last year include Bryan J Knutson and Tony Christianson. View Insider Buying and Selling for Titan Machinery.

TITN stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC and Ingalls & Snyder LLC. View Insider Buying and Selling for Titan Machinery.

Shares of TITN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of TITN stock can currently be purchased for approximately $13.08.

Titan Machinery has a market capitalization of $292.34 million and generates $1.26 billion in revenue each year. The company earns $12.18 million in net income (profit) each year or $0.67 on an earnings per share basis. Titan Machinery employs 1,661 workers across the globe.View Additional Information About Titan Machinery.

The official website for Titan Machinery is http://www.titanmachinery.com/.

Titan Machinery's mailing address is 644 EAST BEATON DRIVE, WEST FARGO ND, 58078. The company can be reached via phone at 701-356-0130 or via email at [email protected]