Titan International (NYSE:TWI – Get Free Report) released its earnings results on Wednesday. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15), Zacks reports. The business had revenue of $482.21 million during the quarter, compared to the consensus estimate of $537.32 million. Titan International had a net margin of 4.32% and a return on equity of 22.57%. During the same quarter in the prior year, the firm earned $0.53 EPS. Titan International updated its Q2 2024 guidance to EPS.
Titan International Price Performance
TWI traded down $0.89 on Thursday, reaching $10.28. The stock had a trading volume of 875,678 shares, compared to its average volume of 291,711. The company has a current ratio of 2.35, a quick ratio of 1.37 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $749.10 million, a price-to-earnings ratio of 8.23 and a beta of 2.09. Titan International has a fifty-two week low of $9.57 and a fifty-two week high of $15.33. The firm has a 50-day moving average of $12.36 and a 200-day moving average of $13.25.
Wall Street Analysts Forecast Growth
Separately, TheStreet cut shares of Titan International from a “b-” rating to a “c” rating in a research report on Thursday, February 29th.
Insider Activity
In other news, CAO Anthony Eheli sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $12.42, for a total value of $31,050.00. Following the completion of the transaction, the chief accounting officer now owns 52,918 shares of the company’s stock, valued at $657,241.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 18.30% 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.
See Also
- Five stocks we like better than Titan International
- What Are Trending Stocks? Trending Stocks Explained
- Meta Stock: 3 Reasons This Stumble Is a Golden Buying Opportunity
- Insider Trading – What You Need to Know
- 3 Staples Stocks to Cushion Lower Consumer Sentiment
- 10 Best Airline Stocks to Buy
- Zillow’s Earnings Dip: An Opportunity for Visionaries
Receive News & Ratings for Titan International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International and related companies with MarketBeat.com's FREE daily email newsletter.