DA Davidson Issues Pessimistic Forecast for TWI Earnings

Titan International, Inc. (NYSE:TWI - Free Report) - Equities researchers at DA Davidson lowered their Q1 2025 earnings per share (EPS) estimates for shares of Titan International in a research report issued on Tuesday, April 22nd. DA Davidson analyst M. Shlisky now anticipates that the industrial products company will earn $0.05 per share for the quarter, down from their prior forecast of $0.06. The consensus estimate for Titan International's current full-year earnings is $0.03 per share.

A number of other equities research analysts have also recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of Titan International in a research report on Thursday, March 20th. They set an "overweight" rating and a $11.00 target price for the company. StockNews.com cut Titan International from a "hold" rating to a "sell" rating in a research report on Tuesday.

Titan International Stock Down 2.1 %

Shares of NYSE:TWI traded down $0.16 during trading on Wednesday, reaching $7.42. The stock had a trading volume of 438,251 shares, compared to its average volume of 727,200. The firm's 50-day simple moving average is $7.91 and its 200 day simple moving average is $7.62. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. Titan International has a one year low of $5.93 and a one year high of $11.72. The company has a market capitalization of $468.93 million, a P/E ratio of -61.83 and a beta of 1.64.

Hedge Funds Weigh In On Titan International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 1,625 shares in the last quarter. Barclays PLC grew its holdings in shares of Titan International by 207.1% during the third quarter. Barclays PLC now owns 107,669 shares of the industrial products company's stock valued at $877,000 after buying an additional 72,612 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 3,132 shares during the period. Total Clarity Wealth Management Inc. purchased a new position in Titan International in the 4th quarter worth $193,000. Finally, Empowered Funds LLC lifted its position in Titan International by 5.1% during the 4th quarter. Empowered Funds LLC now owns 312,387 shares of the industrial products company's stock worth $2,121,000 after acquiring an additional 15,245 shares during the period. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.