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

Titan Machinery (NASDAQ:TITNGet Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -1.750–1.250 for the period, compared to the consensus earnings per share estimate of -1.460. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TITN. Wall Street Zen raised Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Titan Machinery in a research note on Monday, June 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $17.00.

View Our Latest Report on Titan Machinery

Titan Machinery Trading Down 1.7%

NASDAQ TITN opened at $18.81 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.22 and a current ratio of 1.38. The stock has a market cap of $438.27 million, a P/E ratio of -8.00 and a beta of 1.41. The stock has a 50 day simple moving average of $19.09 and a two-hundred day simple moving average of $19.27. Titan Machinery has a fifty-two week low of $13.21 and a fifty-two week high of $25.00.

Titan Machinery (NASDAQ:TITNGet Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.04). Titan Machinery had a negative net margin of 2.28% and a negative return on equity of 8.44%. The company had revenue of $496.38 million during the quarter, compared to the consensus estimate of $483.78 million. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. On average, analysts forecast that Titan Machinery will post -1.5 earnings per share for the current year.

Hedge Funds Weigh In On Titan Machinery

A number of institutional investors have recently added to or reduced their stakes in TITN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Titan Machinery by 1.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,817,554 shares of the company’s stock worth $30,426,000 after purchasing an additional 23,272 shares in the last quarter. Nantahala Capital Management LLC grew its stake in shares of Titan Machinery by 11.3% in the 4th quarter. Nantahala Capital Management LLC now owns 1,220,520 shares of the company’s stock worth $18,357,000 after buying an additional 124,288 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Titan Machinery by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,214,954 shares of the company’s stock worth $20,338,000 after purchasing an additional 48,343 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Titan Machinery by 26.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 561,602 shares of the company’s stock worth $8,446,000 after purchasing an additional 117,138 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Titan Machinery by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 502,976 shares of the company’s stock valued at $7,566,000 after purchasing an additional 1,728 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

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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