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 Analyst Weigh In

Separately, StockNews.com raised Titan International from a "hold" rating to a "buy" rating in a research note on Sunday, April 24th.

Titan International Trading Down 4.1 %

Titan International stock opened at $15.17 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.87 and a quick ratio of 1.02. Titan International has a one year low of $6.69 and a one year high of $19.81. The stock has a market capitalization of $952.75 million, a PE ratio of 7.47 and a beta of 2.33. The business's fifty day moving average is $15.80 and its 200 day moving average is $14.64.

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

Insider Activity at Titan International

In other news, CEO Paul G. Reitz sold 40,000 shares of the business's stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $17.95, for a total value of $718,000.00. Following the completion of the transaction, the chief executive officer now directly owns 252,413 shares of the company's stock, valued at approximately $4,530,813.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 19.60% of the stock is owned by company insiders.