Q1 2024 Earnings Estimate for Titan International, Inc. Issued By Sidoti Csr (NYSE:TWI)

Titan International, Inc. (NYSE:TWI) – Analysts at Sidoti Csr lowered their Q1 2024 earnings estimates for Titan International in a research note issued on Monday, April 15th. Sidoti Csr analyst S. Ferazani now forecasts that the industrial products company will post earnings of $0.42 per share for the quarter, down from their previous 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 research note on Thursday, February 29th.

Titan International Price Performance

Titan International stock traded down $0.19 during mid-day trading on Wednesday, hitting $11.45. 334,320 shares of the company traded hands, compared to its average volume of 278,476. The stock has a market cap of $694.39 million, a price-to-earnings ratio of 9.31 and a beta of 2.09. Titan International has a one year low of $9.23 and a one year high of $15.33. The stock has a fifty day moving average price of $12.95 and a 200-day moving average price of $13.36. 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 announced its earnings results on Thursday, February 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. Titan International had a net margin of 4.32% and a return on equity of 22.57%. The business had revenue of $390.20 million during the quarter, compared to analyst estimates of $418.05 million.

Insider Buying and Selling

In related news, CAO Anthony Eheli sold 2,500 shares of Titan International stock in a transaction on Monday, March 25th. The shares were sold at an average price of $12.42, for a total value of $31,050.00. Following the transaction, 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 SEC, which can be accessed through this link. 18.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in Titan International by 3.9% during the 2nd quarter. BlackRock Inc. now owns 9,403,656 shares of the industrial products company’s stock valued at $107,954,000 after purchasing an additional 350,189 shares during the period. Vanguard Group Inc. increased its position in Titan International by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,071,404 shares of the industrial products company’s stock valued at $49,426,000 after purchasing an additional 162,301 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Titan International by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,407,435 shares of the industrial products company’s stock valued at $50,703,000 after buying an additional 215,637 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Titan International by 38.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,310,404 shares of the industrial products company’s stock valued at $34,379,000 after buying an additional 637,123 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Titan International by 5.8% during the 2nd quarter. State Street Corp now owns 1,829,790 shares of the industrial products company’s stock valued at $27,630,000 after buying an additional 99,792 shares in the last quarter. 80.39% of the stock is owned by hedge funds and other institutional investors.

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.