Wall Street analysts expect Titan International Inc (NYSE:TWI) to report sales of $443.75 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Titan International’s earnings, with estimates ranging from $438.00 million to $449.50 million. Titan International posted sales of $428.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The company is scheduled to report its next earnings report on Friday, August 2nd.

On average, analysts expect that Titan International will report full year sales of $1.65 billion for the current fiscal year, with estimates ranging from $1.64 billion to $1.67 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Titan International.

Titan International (NYSE:TWI) last posted its earnings results on Friday, May 3rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). Titan International had a negative return on equity of 2.44% and a negative net margin of 0.77%. The firm had revenue of $410.40 million during the quarter, compared to the consensus estimate of $429.30 million. During the same quarter last year, the company posted $0.23 EPS. Titan International’s revenue for the quarter was down 3.5% on a year-over-year basis.

TWI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. ValuEngine raised shares of Titan International from a “strong sell” rating to a “sell” rating in a report on Thursday, March 7th. Finally, Sidoti set a $10.00 target price on shares of Titan International and gave the stock a “buy” rating in a report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.44.

NYSE TWI traded down $0.12 on Friday, hitting $4.47. The stock had a trading volume of 6,066 shares, compared to its average volume of 424,678. Titan International has a one year low of $4.35 and a one year high of $12.08. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 1.49. The stock has a market cap of $275.40 million, a price-to-earnings ratio of 16.52 and a beta of 1.75.

Large investors have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd bought a new position in shares of Titan International in the 1st quarter worth $174,000. Morgan Stanley increased its position in shares of Titan International by 210.2% during the 1st quarter. Morgan Stanley now owns 589,716 shares of the industrial products company’s stock valued at $3,521,000 after purchasing an additional 399,636 shares during the last quarter. Man Group plc purchased a new stake in shares of Titan International during the 1st quarter valued at $72,000. Hsbc Holdings PLC increased its holdings in Titan International by 5.1% in the 1st quarter. Hsbc Holdings PLC now owns 46,341 shares of the industrial products company’s stock worth $276,000 after acquiring an additional 2,259 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Titan International by 11.9% in the 1st quarter. Geode Capital Management LLC now owns 580,185 shares of the industrial products company’s stock worth $3,463,000 after acquiring an additional 61,748 shares during the last quarter. 83.52% of the stock is owned by institutional investors and hedge funds.

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 North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

Recommended Story: 12b-1 Fees

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.