Equities research analysts forecast that Titan International Inc (NYSE:TWI) will post ($0.06) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Titan International’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.04). Titan International posted earnings per share of ($0.10) in the same quarter last year, which suggests a positive year over year growth rate of 40%. The company is expected to issue its next earnings results on Friday, February 22nd.

According to Zacks, analysts expect that Titan International will report full-year earnings of $0.25 per share for the current financial year. For the next year, analysts expect that the firm will report earnings of $0.58 per share, with EPS estimates ranging from $0.30 to $0.85. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Titan International.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Friday, November 2nd. The industrial products company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. The firm had revenue of $384.70 million for the quarter, compared to analysts’ expectations of $398.71 million. Titan International had a negative net margin of 1.06% and a positive return on equity of 4.56%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) earnings per share.

TWI has been the topic of several recent research reports. Zacks Investment Research cut shares of Titan International from a “hold” rating to a “strong sell” rating in a report on Thursday, August 9th. ValuEngine upgraded shares of Titan International from a “strong sell” rating to a “sell” rating in a report on Friday, August 24th. Finally, TheStreet cut shares of Titan International from a “c” rating to a “d+” rating in a report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.75.

Shares of NYSE TWI traded down $0.18 during mid-day trading on Thursday, reaching $6.08. The company had a trading volume of 416,963 shares, compared to its average volume of 319,466. The company has a current ratio of 2.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.42. The stock has a market cap of $375.08 million, a PE ratio of -12.41 and a beta of 1.37. Titan International has a 52 week low of $6.00 and a 52 week high of $14.53.

Institutional investors have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Titan International during the 2nd quarter worth about $113,000. Paloma Partners Management Co purchased a new stake in shares of Titan International during the second quarter valued at about $149,000. Point72 Asset Management L.P. purchased a new stake in shares of Titan International during the third quarter valued at about $111,000. SG Americas Securities LLC purchased a new stake in shares of Titan International during the second quarter valued at about $189,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Titan International by 3,853.9% during the third quarter. PNC Financial Services Group Inc. now owns 18,425 shares of the industrial products company’s stock valued at $137,000 after buying an additional 17,959 shares during the last quarter. Institutional investors own 83.86% of the company’s stock.

About Titan International

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.

Featured Article: What are the Different Types of Leveraged Buyouts?

Get a free copy of the Zacks research report on Titan International (TWI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.