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

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

Titan Machinery Inc. (NASDAQ:TITN) issued its quarterly earnings data on Tuesday, November, 26th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by $0.03. The business earned $360.90 million during the quarter, compared to the consensus estimate of $373.65 million. Titan Machinery had a return on equity of 4.88% and a net margin of 0.85%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. 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 updated 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 earnings per share estimate of $0.87.

2 Wall Street analysts have issued 1 year target prices for Titan Machinery's shares. 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 twelve months. This suggests a possible upside of 94.1% from the stock's current price. View Analyst Price Targets for Titan Machinery.

2 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Titan Machinery.

News articles about TITN stock have been trending neutral this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Titan Machinery earned a daily sentiment score of 0.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the next several days. View News Stories for Titan Machinery.

Titan Machinery saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 412,500 shares, an increase of 27.0% from the December 31st total of 324,900 shares. Based on an average daily trading volume, of 143,200 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.2% of the company's shares are sold short. 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 a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (4.64%), Global Alpha Capital Management Ltd. (4.09%), Renaissance Technologies LLC (1.81%), State Street Corp (1.71%), Rutabaga Capital Management LLC MA (1.61%) and Charles Schwab Investment Management Inc. (1.35%). 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 FMR LLC, Mackay Shields LLC, Landscape Capital Management L.L.C., Assenagon Asset Management S.A., Goldman Sachs Group Inc., AQR Capital Management LLC, Acadian Asset Management LLC and IndexIQ Advisors LLC. 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 acquired by a variety of institutional investors in the last quarter, including Global Alpha Capital Management Ltd., Penn Capital Management Co. Inc., Alliancebernstein L.P., Bank of Montreal Can, Renaissance Technologies LLC, Wedge Capital Management L L P NC, Sei Investments Co. and Bank of New York Mellon Corp. 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 $12.11.

Titan Machinery has a market capitalization of $270.66 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]