Titan Machinery (TITN) Getting Somewhat Critical Press Coverage, Analysis Finds
Headlines about Titan Machinery (NASDAQ:TITN) have been trending somewhat negative on Monday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Titan Machinery earned a news sentiment score of -0.01 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.2353875671823 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Titan Machinery Inc. (TITN) Expected to Announce Earnings of $0.13 Per Share (americanbankingnews.com)
- ETFs with exposure to Titan Machinery, Inc. : September 14, 2017 (finance.yahoo.com)
- Titan Machinery Becomes Oversold (TITN) (thestreet.com)
- Titan Machinery, Inc. :TITN-US: Earnings Analysis: Q2, 2018 By the Numbers : September 11, 2017 (finance.yahoo.com)
Shares of Titan Machinery (NASDAQ TITN) traded up 0.43% during mid-day trading on Monday, reaching $14.09. 73,104 shares of the company’s stock traded hands. Titan Machinery has a 1-year low of $8.68 and a 1-year high of $19.22. The firm has a 50-day moving average price of $15.46 and a 200-day moving average price of $16.00. The company’s market capitalization is $303.57 million.
Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings results on Thursday, August 31st. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). The business had revenue of $268.87 million during the quarter, compared to the consensus estimate of $260.08 million. Titan Machinery had a negative return on equity of 3.69% and a negative net margin of 1.61%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.12) earnings per share. On average, equities research analysts forecast that Titan Machinery will post ($0.21) earnings per share for the current fiscal year.
A number of research firms recently issued reports on TITN. ValuEngine raised shares of Titan Machinery from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Titan Machinery from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Robert W. Baird set a $18.00 target price on shares of Titan Machinery and gave the stock a “buy” rating in a research report on Thursday, August 24th. Piper Jaffray Companies set a $18.00 target price on shares of Titan Machinery and gave the stock a “hold” rating in a research report on Friday, August 4th. Finally, BidaskClub downgraded shares of Titan Machinery from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.50.
In other news, Director Stan K. Erickson acquired 8,302 shares of the stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average cost of $12.50 per share, for a total transaction of $103,775.00. Following the completion of the transaction, the director now owns 13,495 shares in the company, valued at approximately $168,687.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.08% of the company’s stock.
About Titan Machinery
Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.
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