Titan Machinery (NASDAQ:TITN) Issues FY25 Earnings Guidance

Titan Machinery (NASDAQ:TITN - Get Free Report) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ($0.25)-$0.25 for the period, compared to the consensus earnings per share estimate of $0.14. Titan Machinery also updated its FY 2025 guidance to -0.250-0.250 EPS.

Titan Machinery Stock Up 4.2 %

Shares of TITN stock traded up $0.65 during trading hours on Tuesday, hitting $16.07. 425,313 shares of the company were exchanged, compared to its average volume of 229,560. The company has a market capitalization of $371.70 million, a PE ratio of 5.58 and a beta of 1.25. Titan Machinery has a 52 week low of $12.30 and a 52 week high of $29.30. The business has a 50 day moving average of $14.24 and a two-hundred day moving average of $15.79. The company has a current ratio of 1.27, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18.

Titan Machinery (NASDAQ:TITN - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.09). The firm had revenue of $633.70 million during the quarter, compared to analyst estimates of $645.28 million. Titan Machinery had a net margin of 2.11% and a return on equity of 10.38%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 EPS. Analysts anticipate that Titan Machinery will post 0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TITN has been the topic of a number of recent research reports. Lake Street Capital downgraded shares of Titan Machinery from a "buy" rating to a "hold" rating and set a $15.00 price objective on the stock. in a report on Thursday, August 15th. Robert W. Baird cut their price target on shares of Titan Machinery from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, August 15th. B. Riley decreased their price objective on Titan Machinery from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, September 3rd. Northland Securities reaffirmed a "market perform" rating and issued a $25.00 target price on shares of Titan Machinery in a research report on Friday, September 13th. Finally, Northland Capmk cut Titan Machinery from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $21.00.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.