Titan International (TWI) to Release Earnings on Friday

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Titan International (NYSE:TWI) is scheduled to post its quarterly earnings results before the market opens on Friday, November 2nd. Analysts expect Titan International to post earnings of $0.02 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Titan International (NYSE:TWI) last released its earnings results on Friday, August 3rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The firm had revenue of $428.90 million during the quarter, compared to analyst estimates of $427.32 million. Titan International had a positive return on equity of 3.38% and a negative net margin of 1.47%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.17) earnings per share. On average, analysts expect Titan International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TWI opened at $7.06 on Thursday. The company has a market capitalization of $389.93 million, a price-to-earnings ratio of -14.41 and a beta of 1.52. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.05 and a quick ratio of 1.14. Titan International has a 1-year low of $6.18 and a 1-year high of $14.53.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a $0.005 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. Titan International’s dividend payout ratio (DPR) is -4.08%.

In related news, Director Maurice M. Taylor, Jr. acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was bought at an average price of $7.20 per share, for a total transaction of $720,000.00. Following the transaction, the director now owns 549,870 shares of the company’s stock, valued at $3,959,064. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David A. Martin acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were bought at an average price of $7.21 per share, with a total value of $144,200.00. The disclosure for this purchase can be found here. 17.30% of the stock is currently owned by corporate insiders.

TWI has been the subject of a number of recent research reports. ValuEngine upgraded Titan International from a “strong sell” rating to a “sell” rating in a research report on Friday, August 24th. Jefferies Financial Group cut their price objective on Titan International from $12.00 to $8.50 and set a “hold” rating for the company in a research report on Tuesday, August 7th. William Blair downgraded Titan International from an “outperform” rating to a “market perform” rating and set a $21.00 price objective for the company. in a research report on Friday, August 3rd. Zacks Investment Research downgraded Titan International from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 9th. Finally, TheStreet downgraded Titan International from a “c” rating to a “d+” rating in a research report on Thursday, August 23rd. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. Titan International currently has a consensus rating of “Hold” and an average price target of $14.50.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the United States and internationally. It operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

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Earnings History for Titan International (NYSE:TWI)

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