Titan International (NYSE:TWI – Get Free Report) announced its earnings results on Wednesday. The industrial products company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15), Zacks reports. The business had revenue of $482.21 million during the quarter, compared to the consensus estimate of $537.32 million. Titan International had a return on equity of 22.57% and a net margin of 4.32%. During the same quarter in the prior year, the company earned $0.53 earnings per share. Titan International updated its Q2 2024 guidance to EPS.
Titan International Price Performance
NYSE TWI traded down $0.72 during trading on Thursday, reaching $10.45. The company’s stock had a trading volume of 1,260,411 shares, compared to its average volume of 296,404. The stock has a market capitalization of $761.49 million, a PE ratio of 8.23 and a beta of 2.09. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.35 and a quick ratio of 1.37. The firm has a fifty day moving average of $12.36 and a 200 day moving average of $13.25. Titan International has a one year low of $9.57 and a one year high of $15.33.
Analyst Ratings Changes
Separately, TheStreet lowered Titan International from a “b-” rating to a “c” rating in a research note on Thursday, February 29th.
Insiders Place Their Bets
In other news, CAO Anthony Eheli sold 2,500 shares of the 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 transaction, the chief accounting officer now directly owns 52,918 shares in the company, valued at approximately $657,241.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 18.30% of the company’s stock.
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.
Read More
- Five stocks we like better than Titan International
- Stock Sentiment Analysis: How it Works
- Meta Stock: 3 Reasons This Stumble Is a Golden Buying Opportunity
- How to Invest in the Best Canadian Stocks
- 3 Staples Stocks to Cushion Lower Consumer Sentiment
- How to invest in blue chip stocks
- Zillow’s Earnings Dip: An Opportunity for Visionaries
Receive News & Ratings for Titan International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International and related companies with MarketBeat.com's FREE daily email newsletter.