Sidoti Csr Brokers Reduce Earnings Estimates for Titan International, Inc. (NYSE:TWI)

Titan International, Inc. (NYSE:TWI) – Analysts at Sidoti Csr dropped their Q1 2024 earnings estimates for Titan International in a report issued on Monday, April 15th. Sidoti Csr analyst S. Ferazani now expects that the industrial products company will earn $0.42 per share for the quarter, down from their prior forecast 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 report on Thursday, February 29th.

Titan International Price Performance

Shares of NYSE:TWI opened at $11.41 on Wednesday. The firm has a market cap of $691.71 million, a price-to-earnings ratio of 9.12 and a beta of 2.09. The firm has a fifty day moving average price of $12.84 and a 200 day moving average price of $13.33. Titan International has a fifty-two week low of $9.23 and a fifty-two week high of $15.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.37 and a current ratio of 2.35.

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

Insiders Place Their Bets

In other news, CAO Anthony Eheli sold 2,500 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $12.42, for a total transaction 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 can be accessed through this hyperlink. Corporate insiders own 18.30% of the company’s stock.

Institutional Trading of Titan International

Hedge funds have recently made changes to their positions in the business. Diversified Trust Co purchased a new position in Titan International in the first quarter worth about $194,000. Vanguard Group Inc. boosted its holdings in shares of Titan International by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 3,868,057 shares of the industrial products company’s stock worth $57,557,000 after purchasing an additional 154,060 shares during the period. Syon Capital LLC bought a new position in shares of Titan International during the 4th quarter valued at approximately $244,000. Price T Rowe Associates Inc. MD raised its holdings in Titan International by 8.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,334 shares of the industrial products company’s stock valued at $630,000 after buying an additional 3,417 shares during the period. Finally, Barclays PLC lifted its position in Titan International by 43.4% in the fourth quarter. Barclays PLC now owns 125,110 shares of the industrial products company’s stock worth $1,862,000 after buying an additional 37,841 shares during the last quarter. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

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.