Titan International (NYSE:TWI) Issues Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Titan International (NYSE:TWI) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.15), Zacks reports. Titan International had a return on equity of 17.27% and a net margin of 3.20%. The business had revenue of $482.21 million during the quarter, compared to analyst estimates of $537.32 million. During the same period last year, the company earned $0.53 EPS. Titan International updated its Q2 2024 guidance to EPS.

Titan International Stock Performance

NYSE:TWI opened at $10.02 on Friday. Titan International has a 12-month low of $9.57 and a 12-month high of $15.33. The company has a quick ratio of 1.37, a current ratio of 2.33 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $729.79 million, a PE ratio of 11.25 and a beta of 2.09. The firm has a 50-day moving average price of $12.29 and a 200 day moving average price of $13.23.

Insider Buying and Selling

In other Titan International news, CAO Anthony Eheli sold 2,500 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $12.42, for a total transaction of $31,050.00. Following the sale, the chief accounting officer now directly owns 52,918 shares of the company’s stock, valued at $657,241.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 18.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Titan International Company Profile

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.