Titan Machinery (NASDAQ:TITN) Releases FY 2027 Earnings Guidance

Titan Machinery (NASDAQ:TITNGet Free Report) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of -1.750–1.250 for the period, compared to the consensus estimate of -1.260. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Saturday. Robert W. Baird reduced their price objective on shares of Titan Machinery from $21.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 20th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $17.00.

Check Out Our Latest Research Report on TITN

Titan Machinery Trading Up 2.9%

Shares of NASDAQ TITN opened at $23.85 on Tuesday. The company’s fifty day moving average is $20.16 and its 200-day moving average is $18.11. The stock has a market cap of $555.94 million, a price-to-earnings ratio of -10.02 and a beta of 1.38. Titan Machinery has a twelve month low of $13.21 and a twelve month high of $25.00. The company has a quick ratio of 0.24, a current ratio of 1.41 and a debt-to-equity ratio of 0.35.

Titan Machinery (NASDAQ:TITNGet Free Report) last announced its quarterly earnings results on Tuesday, June 9th. The company reported ($0.55) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.05. The company had revenue of $522.38 million for the quarter, compared to analysts’ expectations of $485.61 million. Titan Machinery had a negative net margin of 2.23% and a negative return on equity of 8.40%. During the same period last year, the firm posted ($0.58) earnings per share. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. Equities research analysts predict that Titan Machinery will post -1.7 EPS for the current year.

Institutional Investors Weigh In On Titan Machinery

Institutional investors have recently added to or reduced their stakes in the stock. Graham Capital Management L.P. lifted its position in Titan Machinery by 8.1% in the 4th quarter. Graham Capital Management L.P. now owns 11,640 shares of the company’s stock valued at $175,000 after acquiring an additional 869 shares in the last quarter. Gabelli Funds LLC lifted its position in Titan Machinery by 1.1% in the 2nd quarter. Gabelli Funds LLC now owns 95,500 shares of the company’s stock valued at $1,892,000 after acquiring an additional 1,000 shares in the last quarter. Quarry LP lifted its position in Titan Machinery by 189.8% in the 3rd quarter. Quarry LP now owns 1,536 shares of the company’s stock valued at $26,000 after acquiring an additional 1,006 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Titan Machinery by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,364 shares of the company’s stock valued at $337,000 after acquiring an additional 1,705 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Titan Machinery by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 502,976 shares of the company’s stock valued at $7,566,000 after acquiring an additional 1,728 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

About Titan Machinery

(Get Free Report)

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.

See Also

Earnings History and Estimates for Titan Machinery (NASDAQ:TITN)

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