TITN has been the subject of several other research reports. Zacks Investment Research downgraded Titan Machinery from a hold rating to a sell rating in a research note on Tuesday, September 3rd. ValuEngine raised Titan Machinery from a sell rating to a hold rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Titan Machinery has a consensus rating of Hold and an average price target of $21.50.
NASDAQ TITN traded down $0.11 during trading on Friday, hitting $16.10. 89,114 shares of the company’s stock were exchanged, compared to its average volume of 113,512. The company has a current ratio of 1.40, a quick ratio of 0.26 and a debt-to-equity ratio of 0.38. The company has a market cap of $362.36 million, a PE ratio of 24.03 and a beta of 2.34. Titan Machinery has a fifty-two week low of $11.99 and a fifty-two week high of $21.88. The stock’s 50 day moving average price is $14.83 and its two-hundred day moving average price is $17.10.
Titan Machinery (NASDAQ:TITN) last issued its earnings results on Thursday, August 29th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The business had revenue of $315.00 million for the quarter, compared to analyst estimates of $315.40 million. Titan Machinery had a return on equity of 5.20% and a net margin of 1.04%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. Analysts forecast that Titan Machinery will post 0.87 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Boston Partners increased its stake in shares of Titan Machinery by 10.7% in the second quarter. Boston Partners now owns 20,636 shares of the company’s stock valued at $425,000 after buying an additional 2,000 shares during the period. Aperio Group LLC acquired a new position in shares of Titan Machinery in the second quarter valued at approximately $29,000. Rutabaga Capital Management LLC MA increased its stake in shares of Titan Machinery by 10.1% in the second quarter. Rutabaga Capital Management LLC MA now owns 317,279 shares of the company’s stock valued at $6,530,000 after buying an additional 29,000 shares during the period. Bogle Investment Management L P DE acquired a new position in shares of Titan Machinery in the second quarter valued at approximately $955,000. Finally, Renaissance Technologies LLC increased its stake in shares of Titan Machinery by 61.9% in the second quarter. Renaissance Technologies LLC now owns 176,023 shares of the company’s stock valued at $3,623,000 after buying an additional 67,323 shares during the period. 77.64% of the stock is owned by institutional investors.
About Titan Machinery
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.
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