Wall Street analysts forecast that Titan Machinery Inc. (NASDAQ:TITN) will report $365.95 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Titan Machinery’s earnings, with the highest sales estimate coming in at $370.70 million and the lowest estimate coming in at $361.20 million. Titan Machinery posted sales of $359.65 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.8%. The firm is expected to report its next quarterly earnings results on Wednesday, March 25th.

According to Zacks, analysts expect that Titan Machinery will report full-year sales of $1.32 billion for the current year. For the next financial year, analysts expect that the firm will report sales of $1.36 billion, with estimates ranging from $1.34 billion to $1.38 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Titan Machinery.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.03). Titan Machinery had a net margin of 0.85% and a return on equity of 4.88%. The business had revenue of $360.90 million for the quarter, compared to the consensus estimate of $373.65 million. During the same quarter last year, the business posted $0.49 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis.

Several research firms have recently weighed in on TITN. BidaskClub lowered shares of Titan Machinery from a “buy” rating to a “hold” rating in a research report on Saturday. Stephens restated a “hold” rating and set a $23.00 price objective on shares of Titan Machinery in a research report on Wednesday, November 27th. ValuEngine upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Zacks Investment Research lowered shares of Titan Machinery from a “hold” rating to a “strong sell” rating in a research report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Titan Machinery currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Institutional investors and hedge funds have recently made changes to their positions in the business. Aperio Group LLC acquired a new position in shares of Titan Machinery in the second quarter worth about $29,000. Point72 Hong Kong Ltd acquired a new position in shares of Titan Machinery in the second quarter worth about $36,000. Meeder Asset Management Inc. boosted its holdings in shares of Titan Machinery by 1,383.0% in the third quarter. Meeder Asset Management Inc. now owns 2,536 shares of the company’s stock worth $36,000 after buying an additional 2,365 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Titan Machinery in the second quarter worth about $45,000. Finally, Bailard Inc. acquired a new position in shares of Titan Machinery in the third quarter worth about $149,000. Institutional investors own 76.56% of the company’s stock.

Shares of NASDAQ:TITN traded down $0.38 during trading hours on Friday, hitting $13.90. 137,428 shares of the company’s stock traded hands, compared to its average volume of 162,990. Titan Machinery has a 52 week low of $12.88 and a 52 week high of $21.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.27 and a current ratio of 1.41. The company’s fifty day simple moving average is $14.25 and its two-hundred day simple moving average is $16.60. The company has a market cap of $309.60 million, a price-to-earnings ratio of 20.75 and a beta of 2.31.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. 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.

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