Sidoti Csr Research Analysts Lower Earnings Estimates for Titan International, Inc. (NYSE:TWI)

Titan International, Inc. (NYSE:TWI) – Investment analysts at Sidoti Csr dropped their Q1 2024 earnings per share estimates for shares of Titan International in a report issued on Monday, April 15th. Sidoti Csr analyst S. Ferazani now forecasts that the industrial products company will post earnings per share of $0.42 for the quarter, down from their previous estimate 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 downgraded shares of Titan International from a “b-” rating to a “c” rating in a research report on Thursday, February 29th.

Titan International Stock Performance

Shares of Titan International stock opened at $11.45 on Wednesday. Titan International has a one year low of $9.23 and a one year high of $15.33. The company has a market capitalization of $694.39 million, a PE ratio of 9.16 and a beta of 2.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.37 and a current ratio of 2.35. The company has a 50-day simple moving average of $12.89 and a two-hundred day simple moving average of $13.35.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Titan International had a return on equity of 22.57% and a net margin of 4.32%. The firm had revenue of $390.20 million during the quarter, compared to analysts’ expectations of $418.05 million.

Hedge Funds Weigh In On Titan International

Several hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors grew its position in Titan International by 5,040.0% during the 1st quarter. Captrust Financial Advisors now owns 1,799 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 1,764 shares during the last quarter. Quarry LP acquired a new stake in shares of Titan International during the first quarter worth $50,000. PNC Financial Services Group Inc. grew its holdings in shares of Titan International by 65.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company’s stock valued at $51,000 after buying an additional 1,388 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Titan International by 800.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,780 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 5,138 shares during the period. Finally, Royal Bank of Canada raised its stake in Titan International by 63.6% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

Insider Transactions at Titan International

In other news, CAO Anthony Eheli sold 2,500 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $12.42, for a total value of $31,050.00. Following the completion of the sale, the chief accounting officer now owns 52,918 shares of the company’s stock, valued at approximately $657,241.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 18.30% of the company’s stock.

Titan International Company Profile

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.