Q1 2024 Earnings Estimate for Titan International, Inc. Issued By Sidoti Csr (NYSE:TWI)

Titan International, Inc. (NYSE:TWI) – Research analysts at Sidoti Csr dropped their Q1 2024 earnings per share (EPS) estimates for Titan International in a research report issued on Monday, April 15th. Sidoti Csr analyst S. Ferazani now expects that the industrial products company will post earnings per share of $0.42 for the quarter, down from their prior forecast of $0.44. The consensus estimate for Titan International’s current full-year earnings is $1.42 per share. Sidoti Csr also issued estimates for Titan International’s Q2 2024 earnings at $0.44 EPS, Q4 2024 earnings at $0.21 EPS, Q2 2025 earnings at $0.50 EPS and Q3 2025 earnings at $0.31 EPS.

Separately, TheStreet lowered Titan International from a “b-” rating to a “c” rating in a research note on Thursday, February 29th.

Titan International Stock Down 1.6 %

Shares of Titan International stock traded down $0.19 during trading on Wednesday, hitting $11.45. 334,320 shares of the stock traded hands, compared to its average volume of 278,476. The firm has a market cap of $694.39 million, a P/E ratio of 9.31 and a beta of 2.09. The company has a current ratio of 2.35, a quick ratio of 1.37 and a debt-to-equity ratio of 0.88. Titan International has a 52-week low of $9.23 and a 52-week high of $15.33. The stock’s fifty day simple moving average is $12.95 and its 200 day simple moving average is $13.36.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The firm had revenue of $390.20 million for the quarter, compared to analyst estimates of $418.05 million. Titan International had a return on equity of 22.57% and a net margin of 4.32%.

Institutional Investors Weigh In On Titan International

A number of institutional investors have recently added to or reduced their stakes in TWI. Captrust Financial Advisors boosted its holdings in Titan International by 5,040.0% in the first quarter. Captrust Financial Advisors now owns 1,799 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 1,764 shares in the last quarter. Quarry LP acquired a new stake in Titan International in the first quarter worth about $50,000. PNC Financial Services Group Inc. boosted its holdings in Titan International by 65.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 1,388 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Titan International by 800.3% in the first quarter. Tower Research Capital LLC TRC now owns 5,780 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 5,138 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Titan International by 63.6% in the second quarter. Royal Bank of Canada now owns 5,472 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 2,128 shares in the last quarter. Institutional investors own 80.39% of the company’s stock.

Insider Activity at Titan International

In related news, CAO Anthony Eheli sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $12.42, for a total transaction of $31,050.00. Following the sale, the chief accounting officer now owns 52,918 shares of the company’s stock, valued at $657,241.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 18.30% of the stock is owned by corporate insiders.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.