Titan Machinery Inc. (NASDAQ:TITN) to Post Q3 2024 Earnings of $1.46 Per Share, Northland Capmk Forecasts

Titan Machinery Inc. (NASDAQ:TITN) – Research analysts at Northland Capmk lowered their Q3 2024 EPS estimates for shares of Titan Machinery in a report released on Wednesday, September 6th. Northland Capmk analyst E. Jackson now expects that the company will post earnings of $1.46 per share for the quarter, down from their prior forecast of $1.62. The consensus estimate for Titan Machinery’s current full-year earnings is $4.96 per share. Northland Capmk also issued estimates for Titan Machinery’s Q4 2024 earnings at $0.94 EPS, FY2024 earnings at $4.99 EPS, Q2 2025 earnings at $1.28 EPS, Q3 2025 earnings at $1.60 EPS, Q4 2025 earnings at $1.15 EPS, FY2025 earnings at $5.02 EPS and FY2026 earnings at $5.13 EPS.

TITN has been the topic of a number of other reports. StockNews.com started coverage on shares of Titan Machinery in a report on Thursday, August 17th. They set a “hold” rating on the stock. Stephens reissued an “overweight” rating and issued a $46.00 price target on shares of Titan Machinery in a report on Thursday, August 31st. Lake Street Capital started coverage on shares of Titan Machinery in a report on Tuesday, July 25th. They issued a “buy” rating and a $50.00 price target on the stock. Northland Securities initiated coverage on shares of Titan Machinery in a report on Wednesday, July 12th. They issued an “outperform” rating on the stock. Finally, B. Riley reaffirmed a “buy” rating and set a $44.00 price objective on shares of Titan Machinery in a report on Friday, September 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.50.

Titan Machinery Price Performance

TITN opened at $28.67 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 0.29. The company has a market capitalization of $649.86 million, a price-to-earnings ratio of 5.52 and a beta of 1.67. The firm’s fifty day moving average price is $30.22 and its two-hundred day moving average price is $31.92. Titan Machinery has a 1 year low of $24.90 and a 1 year high of $47.87.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Thursday, August 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.21. The firm had revenue of $642.60 million for the quarter, compared to the consensus estimate of $599.86 million. Titan Machinery had a net margin of 4.78% and a return on equity of 21.99%. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 EPS.

Institutional Investors Weigh In On Titan Machinery

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. increased its position in shares of Titan Machinery by 18.1% during the fourth quarter. Assetmark Inc. now owns 1,524 shares of the company’s stock valued at $61,000 after buying an additional 234 shares during the period. State of Wyoming increased its position in shares of Titan Machinery by 1.7% in the fourth quarter. State of Wyoming now owns 14,522 shares of the company’s stock worth $577,000 after purchasing an additional 247 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Titan Machinery by 2.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,720 shares of the company’s stock worth $327,000 after purchasing an additional 305 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Titan Machinery by 3.5% in the first quarter. Envestnet Asset Management Inc. now owns 12,581 shares of the company’s stock worth $383,000 after purchasing an additional 422 shares during the last quarter. Finally, Ellsworth Advisors LLC increased its position in shares of Titan Machinery by 3.5% in the second quarter. Ellsworth Advisors LLC now owns 13,103 shares of the company’s stock worth $387,000 after purchasing an additional 445 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. 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.