Titan Machinery - TITN Stock Forecast, Price & News

3 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 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TITN shares.
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3 Wall Street analysts have issued 12 month price targets for Titan Machinery's stock. Their TITN share price forecasts range from $34.00 to $46.00. On average, they predict the company's stock price to reach $40.00 in the next twelve months. This suggests a possible upside of 50.8% from the stock's current price.
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Titan Machinery's stock was trading at $33.69 on January 1st, 2022. Since then, TITN shares have decreased by 21.3% and is now trading at $26.52.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
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Titan Machinery Inc. (NASDAQ:TITN) issued its quarterly earnings data on Thursday, August, 25th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.39. The firm had revenue of $496.50 million for the quarter, compared to the consensus estimate of $439.78 million. Titan Machinery had a net margin of 4.52% and a trailing twelve-month return on equity of 19.61%. Titan Machinery's quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share.

Titan Machinery issued an update on its FY 2023 earnings guidance on Tuesday, September, 20th. The company provided EPS guidance of $3.70-$4.00 for the period, compared to the consensus estimate of $3.18. 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 institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (5.02%), Aristotle Capital Boston LLC (3.02%), Global Alpha Capital Management Ltd. (2.43%), State Street Corp (2.09%), Goldman Sachs Group Inc. (1.54%) and Renaissance Technologies LLC (1.28%). Insiders that own company stock include Bryan J Knutson, David Joseph Meyer 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 $26.52.

Titan Machinery (NASDAQ:TITN) has a market capitalization of $598.56 million and generates $1.71 billion in revenue each year. The company earns $66.05 million in net income (profit) each year or $3.84 on an earnings per share basis.

The company employs 2,436 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.