Titan International - TWI Stock Forecast, Price & News

Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers rims, wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment. The company also offers rims, wheels, tires, and undercarriage systems and components for off-the-road earthmoving, mining, military, construction, and forestry equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators. In addition, it provides bias and light truck tires; and products for ATVs, turf, and golf cart applications, as well as specialty and train brakes. It sells its products directly to original equipment manufacturers, as well as to the aftermarket through independent distributors, equipment dealers, and own distribution centers. Titan International, Inc. was founded in 1890 and is headquartered in Quincy, Illinois.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Titan International from a "hold" rating to a "buy" rating in a report on Sunday, April 24th.

Titan International Price Performance

NYSE:TWI traded up $0.42 on Friday, reaching $14.75. The company had a trading volume of 436,599 shares, compared to its average volume of 508,731. The company has a quick ratio of 0.99, a current ratio of 1.87 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $926.45 million, a PE ratio of 7.20 and a beta of 2.33. The firm's 50 day moving average price is $16.20 and its 200 day moving average price is $14.37. Titan International has a 12 month low of $6.69 and a 12 month high of $19.81.

Titan International (NYSE:TWI - Get Rating) last announced its quarterly earnings results on Monday, August 1st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.13. Titan International had a net margin of 6.28% and a return on equity of 47.79%. During the same period in the prior year, the company posted $0.22 EPS. As a group, equities analysts predict that Titan International will post 2.18 earnings per share for the current year.

Insider Transactions at Titan International

In other news, CEO Paul G. Reitz sold 40,000 shares of the business's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $17.95, for a total value of $718,000.00. Following the sale, the chief executive officer now directly owns 252,413 shares in the company, valued at approximately $4,530,813.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 19.60% of the company's stock.