Q3 2024 EPS Estimates for Titan International, Inc. Lowered by Zacks Small Cap (NYSE:TWI)

Titan International, Inc. (NYSE:TWI) – Zacks Small Cap lowered their Q3 2024 earnings per share estimates for Titan International in a research report issued on Tuesday, May 7th. Zacks Small Cap analyst T. Kerr now forecasts that the industrial products company will post earnings of $0.33 per share for the quarter, down from their previous estimate of $0.36. The consensus estimate for Titan International’s current full-year earnings is $1.46 per share. Zacks Small Cap also issued estimates for Titan International’s Q4 2024 earnings at $0.32 EPS.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). Titan International had a net margin of 3.20% and a return on equity of 17.27%. The company had revenue of $482.21 million for the quarter, compared to the consensus estimate of $537.32 million. During the same quarter last year, the firm posted $0.53 earnings per share.

Separately, TheStreet downgraded shares of Titan International from a “b-” rating to a “c” rating in a report on Thursday, February 29th.

Titan International Stock Performance

TWI opened at $8.57 on Wednesday. The firm has a market cap of $624.13 million, a P/E ratio of 9.62 and a beta of 2.09. Titan International has a 1-year low of $8.49 and a 1-year high of $15.33. The company has a 50 day simple moving average of $11.89 and a two-hundred day simple moving average of $13.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.33 and a quick ratio of 1.31.

Insider Activity at Titan International

In other Titan International news, CAO Anthony Eheli sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 52,918 shares in the company, valued at approximately $657,241.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 32.50% of the stock is owned by corporate insiders.

Institutional Trading of Titan International

Several hedge funds have recently bought and sold shares of TWI. Pacer Advisors Inc. lifted its position in shares of Titan International by 38.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,310,404 shares of the industrial products company’s stock worth $34,379,000 after buying an additional 637,123 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Titan International by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,407,435 shares of the industrial products company’s stock valued at $50,703,000 after acquiring an additional 215,637 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Titan International by 55.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 582,950 shares of the industrial products company’s stock worth $7,829,000 after purchasing an additional 206,984 shares during the period. Brandywine Global Investment Management LLC bought a new position in Titan International during the third quarter valued at $2,564,000. Finally, Tritonpoint Wealth LLC bought a new position in Titan International during the 4th quarter valued at about $2,568,000. Hedge funds and other institutional investors own 80.39% 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.