Titan Machinery (NASDAQ:TITN) Updates FY25 Earnings Guidance

Titan Machinery (NASDAQ:TITN) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ($0.25)-$0.25 for the period, compared to the consensus earnings per share estimate of $0.14. Titan Machinery also updated its FY 2025 guidance to -0.250-0.250 EPS.

Titan Machinery Trading Down 2.4 %

Shares of Titan Machinery stock opened at $15.69 on Thursday. The firm has a market cap of $362.91 million, a price-to-earnings ratio of 6.06 and a beta of 1.25. Titan Machinery has a 52-week low of $12.30 and a 52-week high of $29.30. The company’s 50-day simple moving average is $14.30 and its 200-day simple moving average is $15.73. The company has a quick ratio of 0.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.18.

Titan Machinery (NASDAQ:TITN) last released its earnings results on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.09). The business had revenue of $633.70 million for the quarter, compared to analyst estimates of $645.28 million. Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. As a group, equities research analysts anticipate that Titan Machinery will post 0.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Northland Capmk lowered shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Northland Securities restated a “market perform” rating and issued a $25.00 price target on shares of Titan Machinery in a report on Friday, September 13th. Robert W. Baird reduced their price objective on Titan Machinery from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. B. Riley lowered their target price on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, September 3rd. Finally, Craig Hallum cut their price target on Titan Machinery from $25.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.