Equities analysts expect Titan International Inc (NYSE:TWI) to report sales of $350.80 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Titan International’s earnings, with the highest sales estimate coming in at $367.00 million and the lowest estimate coming in at $334.60 million. Titan International reported sales of $307.29 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.2%. The company is expected to report its next earnings results on Wednesday, March 21st.

On average, analysts expect that Titan International will report full year sales of $350.80 million for the current fiscal year, with estimates ranging from $1.43 billion to $1.46 billion. For the next fiscal year, analysts forecast that the company will post sales of $0.00 per share. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Titan International.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.03. Titan International had a negative net margin of 3.19% and a negative return on equity of 9.22%. The business had revenue of $370.99 million for the quarter, compared to analyst estimates of $331.30 million. During the same quarter last year, the business earned ($0.15) earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis.

TWI has been the topic of a number of research analyst reports. TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Jefferies Group reiterated a “hold” rating and set a $12.00 price objective on shares of Titan International in a research note on Sunday, November 5th. Finally, ValuEngine upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $12.00.

In other Titan International news, CFO James M. Froisland purchased 5,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were purchased at an average price of $11.65 per share, for a total transaction of $58,250.00. Following the completion of the transaction, the chief financial officer now owns 5,000 shares in the company, valued at approximately $58,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul G. Reitz sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $10.82, for a total transaction of $238,040.00. The disclosure for this sale can be found here. Insiders own 17.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Fishman Jay A Ltd. MI boosted its stake in Titan International by 2.5% in the 3rd quarter. Fishman Jay A Ltd. MI now owns 2,903,062 shares of the industrial products company’s stock worth $29,466,000 after purchasing an additional 70,030 shares during the period. Pekin Singer Strauss Asset Management IL boosted its stake in Titan International by 3.1% in the 3rd quarter. Pekin Singer Strauss Asset Management IL now owns 618,129 shares of the industrial products company’s stock worth $6,274,000 after purchasing an additional 18,387 shares during the period. Swiss National Bank boosted its stake in Titan International by 14.4% in the 3rd quarter. Swiss National Bank now owns 84,800 shares of the industrial products company’s stock worth $861,000 after purchasing an additional 10,700 shares during the period. Franklin Resources Inc. boosted its stake in Titan International by 70.3% in the 2nd quarter. Franklin Resources Inc. now owns 3,157,500 shares of the industrial products company’s stock worth $37,922,000 after purchasing an additional 1,303,200 shares during the period. Finally, Citigroup Inc. boosted its stake in Titan International by 33.6% in the 2nd quarter. Citigroup Inc. now owns 74,229 shares of the industrial products company’s stock worth $891,000 after purchasing an additional 18,651 shares during the period. 87.15% of the stock is owned by hedge funds and other institutional investors.

Titan International (NYSE TWI) opened at $13.11 on Wednesday. Titan International has a 12 month low of $7.97 and a 12 month high of $14.23. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.17. The company has a market cap of $768.39, a P/E ratio of -15.80 and a beta of 1.82.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.005 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.02 annualized dividend and a yield of 0.15%. Titan International’s dividend payout ratio (DPR) is -2.41%.

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About Titan International

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

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