Wall Street analysts predict that Titan International Inc (NYSE:TWI) will announce $378.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Titan International’s earnings, with the lowest sales estimate coming in at $378.00 million and the highest estimate coming in at $379.30 million. Titan International posted sales of $376.03 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.7%. The company is expected to issue its next quarterly earnings results on Friday, February 22nd.

According to Zacks, analysts expect that Titan International will report full-year sales of $1.62 billion for the current financial year. For the next financial year, analysts forecast that the company will post sales of $1.71 billion, with estimates ranging from $1.70 billion to $1.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Titan International.

Titan International (NYSE:TWI) last released its earnings results on Friday, November 2nd. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. Titan International had a negative net margin of 1.06% and a positive return on equity of 4.56%. The business had revenue of $384.70 million during the quarter, compared to analyst estimates of $398.71 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year.

TWI has been the subject of a number of analyst reports. TheStreet lowered shares of Titan International from a “c” rating to a “d+” rating in a report on Thursday, August 23rd. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “strong-buy” rating and set a $8.75 price objective for the company in a report on Thursday, November 8th. ValuEngine lowered shares of Titan International from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th. William Blair lowered shares of Titan International from an “outperform” rating to a “market perform” rating and set a $21.00 price objective for the company. in a report on Friday, August 3rd. Finally, Jefferies Financial Group dropped their price objective on shares of Titan International from $12.00 to $8.50 and set a “hold” rating for the company in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG lifted its position in Titan International by 30.1% in the first quarter. UBS Group AG now owns 20,559 shares of the industrial products company’s stock valued at $259,000 after buying an additional 4,752 shares during the last quarter. New Jersey Better Educational Savings Trust lifted its position in Titan International by 37.5% in the second quarter. New Jersey Better Educational Savings Trust now owns 22,000 shares of the industrial products company’s stock valued at $236,000 after buying an additional 6,000 shares during the last quarter. NJ State Employees Deferred Compensation Plan lifted its position in Titan International by 9.1% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 72,000 shares of the industrial products company’s stock valued at $773,000 after buying an additional 6,000 shares during the last quarter. Legal & General Group Plc lifted its position in Titan International by 8.9% in the third quarter. Legal & General Group Plc now owns 105,333 shares of the industrial products company’s stock valued at $785,000 after buying an additional 8,613 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Titan International by 2.6% in the first quarter. Principal Financial Group Inc. now owns 380,505 shares of the industrial products company’s stock valued at $4,798,000 after buying an additional 9,632 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors.

Shares of TWI traded down $0.40 during mid-day trading on Thursday, reaching $6.50. The stock had a trading volume of 9,190 shares, compared to its average volume of 344,037. The company has a current ratio of 2.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.42. Titan International has a 52-week low of $6.18 and a 52-week high of $14.53. The firm has a market capitalization of $420.02 million, a P/E ratio of -13.43 and a beta of 1.46.

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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