Somewhat Positive Media Coverage Somewhat Unlikely to Affect Titan International (TWI) Share Price
News coverage about Titan International (NYSE:TWI) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Titan International earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.5208488470251 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities analysts have issued reports on TWI shares. BidaskClub raised Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine lowered Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, TheStreet raised Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.
Shares of Titan International (NYSE:TWI) traded up 1.40% during trading on Friday, hitting $10.15. The stock had a trading volume of 254,800 shares. Titan International has a 52 week low of $7.97 and a 52 week high of $14.23. The firm has a 50 day moving average price of $9.34 and a 200-day moving average price of $10.66. The stock’s market capitalization is $605.96 million.
Titan International (NYSE:TWI) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.18). Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The firm had revenue of $364.40 million for the quarter, compared to the consensus estimate of $352.13 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts forecast that Titan International will post ($0.26) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.005 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.20%. Titan International’s dividend payout ratio is presently -2.44%.
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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