$0.10 EPS Expected for Titan Machinery Inc. (TITN) This Quarter

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Wall Street brokerages forecast that Titan Machinery Inc. (NASDAQ:TITN) will announce earnings per share (EPS) of $0.10 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Titan Machinery’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.12. Titan Machinery posted earnings of ($0.04) per share during the same quarter last year, which would indicate a positive year over year growth rate of 350%. The business is expected to report its next earnings results on Thursday, August 30th.

According to Zacks, analysts expect that Titan Machinery will report full-year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.45. For the next financial year, analysts anticipate that the firm will report earnings of $0.80 per share, with EPS estimates ranging from $0.55 to $1.00. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Titan Machinery.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results on Thursday, May 31st. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. Titan Machinery had a negative net margin of 0.23% and a negative return on equity of 0.08%. The business had revenue of $245.70 million for the quarter, compared to the consensus estimate of $275.70 million. During the same period in the prior year, the company posted ($0.19) earnings per share. Titan Machinery’s revenue was down 7.0% compared to the same quarter last year.

TITN has been the topic of several research reports. Zacks Investment Research downgraded shares of Titan Machinery from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. BidaskClub upgraded shares of Titan Machinery from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Craig Hallum restated a “buy” rating and issued a $26.00 price target on shares of Titan Machinery in a research note on Thursday, March 29th. Robert W. Baird set a $26.00 price target on shares of Titan Machinery and gave the company a “buy” rating in a research note on Thursday, March 29th. Finally, William Blair restated a “hold” rating on shares of Titan Machinery in a research note on Wednesday, April 4th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $23.75.

In related news, Director Stan K. Erickson purchased 3,000 shares of Titan Machinery stock in a transaction dated Friday, June 1st. The shares were bought at an average cost of $18.06 per share, for a total transaction of $54,180.00. Following the purchase, the director now owns 16,495 shares in the company, valued at approximately $297,899.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Bryan J. Knutson sold 2,374 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $23.91, for a total transaction of $56,762.34. The disclosure for this sale can be found here. Corporate insiders own 15.46% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TITN. Schroder Investment Management Group boosted its stake in shares of Titan Machinery by 66.9% in the 4th quarter. Schroder Investment Management Group now owns 26,786 shares of the company’s stock valued at $567,000 after purchasing an additional 10,738 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Titan Machinery in the 4th quarter valued at approximately $211,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Titan Machinery by 219.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 124,731 shares of the company’s stock valued at $2,641,000 after purchasing an additional 85,699 shares in the last quarter. EAM Investors LLC acquired a new stake in shares of Titan Machinery in the 4th quarter valued at approximately $2,279,000. Finally, Investors Research Corp acquired a new stake in shares of Titan Machinery in the 4th quarter valued at approximately $1,114,000. Institutional investors own 83.44% of the company’s stock.

Titan Machinery opened at $15.84 on Monday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.34 and a current ratio of 1.66. Titan Machinery has a 52 week low of $11.68 and a 52 week high of $25.09. The stock has a market capitalization of $358.35 million, a P/E ratio of -132.00 and a beta of 1.52.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. 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 family of brands, as well as equipment from various other manufacturers.

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Earnings History and Estimates for Titan Machinery (NASDAQ:TITN)

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