Wall Street brokerages expect Titan International Inc (NYSE:TWI) to post $428.65 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Titan International’s earnings. The highest sales estimate is $432.30 million and the lowest is $425.00 million. Titan International reported sales of $364.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.6%. The firm is scheduled to announce its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Titan International will report full-year sales of $1.64 billion for the current year, with estimates ranging from $1.63 billion to $1.65 billion. For the next financial year, analysts forecast that the company will report sales of $1.72 billion per share, with estimates ranging from $1.71 billion to $1.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Titan International.

Titan International (NYSE:TWI) last released its quarterly earnings data on Friday, August 3rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). Titan International had a negative net margin of 1.47% and a positive return on equity of 3.38%. The firm had revenue of $428.90 million for the quarter, compared to the consensus estimate of $427.32 million. During the same quarter in the prior year, the business posted ($0.17) earnings per share. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year.

TWI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Titan International from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research note on Tuesday, May 8th. ValuEngine lowered shares of Titan International from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. William Blair lowered shares of Titan International from an “outperform” rating to a “market perform” rating and set a $21.00 price target for the company. in a research note on Friday, August 3rd. Jefferies Financial Group reduced their price target on shares of Titan International from $12.00 to $8.50 and set a “hold” rating for the company in a research note on Tuesday, August 7th. Finally, TheStreet lowered shares of Titan International from a “c” rating to a “d+” rating in a research note on Thursday, August 23rd. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $14.50.

In other Titan International news, CFO David A. Martin acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were bought at an average price of $7.21 per share, with a total value of $144,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maurice M. Taylor, Jr. acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was acquired at an average cost of $7.20 per share, for a total transaction of $720,000.00. Following the acquisition, the director now owns 549,870 shares of the company’s stock, valued at approximately $3,959,064. The disclosure for this purchase can be found here. Insiders own 17.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TWI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Titan International in the second quarter worth approximately $113,000. Bayesian Capital Management LP purchased a new position in shares of Titan International in the first quarter worth approximately $130,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Titan International in the first quarter worth approximately $141,000. Paloma Partners Management Co purchased a new position in shares of Titan International in the second quarter worth approximately $149,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Titan International in the first quarter worth approximately $165,000. 86.41% of the stock is currently owned by institutional investors.

Shares of TWI stock traded down $0.25 during trading hours on Friday, reaching $7.23. The company had a trading volume of 19,008 shares, compared to its average volume of 597,227. Titan International has a one year low of $6.71 and a one year high of $14.53. The firm has a market capitalization of $448.03 million, a PE ratio of -15.00 and a beta of 1.48. The company has a quick ratio of 1.14, a current ratio of 2.05 and a debt-to-equity ratio of 1.37.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the United States and internationally. It operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.

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