DA Davidson Issues Pessimistic Estimate for TWI Earnings

Titan International, Inc. (NYSE:TWI) – DA Davidson cut their FY2026 earnings per share (EPS) estimates for Titan International in a report issued on Monday, August 4th. DA Davidson analyst M. Shlisky now expects that the industrial products company will post earnings of $0.56 per share for the year, down from their previous estimate of $0.57. DA Davidson currently has a “Buy” rating and a $12.00 price target on the stock. The consensus estimate for Titan International’s current full-year earnings is $0.03 per share.

Titan International (NYSE:TWI) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Titan International had a negative return on equity of 1.62% and a negative net margin of 1.24%. The business had revenue of $460.83 million during the quarter, compared to analyst estimates of $483.84 million.

Several other brokerages have also recently issued reports on TWI. Noble Financial assumed coverage on Titan International in a research note on Wednesday, June 4th. They set an “outperform” rating and a $11.00 price objective on the stock. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th.

Titan International Trading Down 2.8%

Shares of NYSE TWI opened at $8.37 on Tuesday. The stock’s 50 day moving average price is $9.21 and its two-hundred day moving average price is $8.35. Titan International has a 52-week low of $5.93 and a 52-week high of $10.94. The stock has a market capitalization of $534.84 million, a P/E ratio of -27.00 and a beta of 2.05. The company has a quick ratio of 1.27, a current ratio of 2.35 and a debt-to-equity ratio of 0.98.

Hedge Funds Weigh In On Titan International

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of Titan International by 90.6% during the fourth quarter. BNP Paribas Financial Markets now owns 67,380 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 32,023 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in Titan International in the 4th quarter worth approximately $236,000. Mariner LLC grew its holdings in Titan International by 24.2% in the 4th quarter. Mariner LLC now owns 29,020 shares of the industrial products company’s stock worth $197,000 after buying an additional 5,655 shares in the last quarter. Jump Financial LLC bought a new position in Titan International in the 4th quarter worth approximately $116,000. Finally, MetLife Investment Management LLC grew its holdings in Titan International by 14.1% in the 4th quarter. MetLife Investment Management LLC now owns 26,763 shares of the industrial products company’s stock worth $182,000 after buying an additional 3,310 shares in the last quarter. 80.39% of the stock is owned by institutional investors.

Insider Activity at Titan International

In other news, Director Richard M. Cashin, Jr. sold 212,398 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $10.34, for a total transaction of $2,196,195.32. Following the completion of the transaction, the director directly owned 176,461 shares of the company’s stock, valued at approximately $1,824,606.74. This represents a 54.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anthony Eheli sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the transaction, the chief accounting officer directly owned 45,276 shares of the company’s stock, valued at $418,350.24. This trade represents a 35.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 301,348 shares of company stock valued at $3,086,520 over the last ninety days. Corporate insiders own 32.50% 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.