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

Titan International (NYSE:TWI) posted its earnings results on Wednesday. The industrial products company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15), Zacks reports. Titan International had a return on equity of 22.57% and a net margin of 4.32%. The company had revenue of $482.21 million during the quarter, compared to the consensus estimate of $537.32 million. During the same period last year, the company posted $0.53 EPS. Titan International updated its Q2 2024 guidance to EPS.

Titan International Price Performance

NYSE:TWI traded down $0.72 during trading hours on Thursday, hitting $10.45. 1,260,511 shares of the company’s stock traded hands, compared to its average volume of 296,151. The firm has a market cap of $761.49 million, a P/E ratio of 8.23 and a beta of 2.09. The company has a quick ratio of 1.37, a current ratio of 2.35 and a debt-to-equity ratio of 0.88. The business’s fifty day simple moving average is $12.36 and its two-hundred day simple moving average is $13.25. Titan International has a 52 week low of $9.57 and a 52 week high of $15.33.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Titan International news, CAO Anthony Eheli sold 2,500 shares of Titan International 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 transaction, the chief accounting officer now directly owns 52,918 shares of the company’s stock, valued at approximately $657,241.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.30% of the stock is owned by company insiders.

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.