What is Zacks Small Cap's Forecast for TWI FY2024 Earnings?

Titan International, Inc. (NYSE:TWI - Free Report) - Analysts at Zacks Small Cap dropped their FY2024 earnings per share estimates for Titan International in a research note issued to investors on Monday, January 13th. Zacks Small Cap analyst T. Kerr now anticipates that the industrial products company will post earnings of $0.05 per share for the year, down from their previous estimate of $0.06. The consensus estimate for Titan International's current full-year earnings is $0.06 per share. Zacks Small Cap also issued estimates for Titan International's Q1 2025 earnings at $0.04 EPS.

Several other analysts have also recently issued reports on the company. DA Davidson began coverage on Titan International in a research note on Friday, December 13th. They issued a "buy" rating and a $11.00 target price on the stock. StockNews.com upgraded Titan International from a "sell" rating to a "hold" rating in a report on Tuesday.

Titan International Trading Up 3.2 %

Shares of NYSE TWI traded up $0.21 during mid-day trading on Tuesday, hitting $6.80. The stock had a trading volume of 969,950 shares, compared to its average volume of 698,544. The firm has a market cap of $429.35 million, a P/E ratio of -56.67 and a beta of 1.82. Titan International has a 1 year low of $6.34 and a 1 year high of $15.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The business has a 50 day moving average price of $7.17 and a two-hundred day moving average price of $7.52.

Institutional Trading of Titan International

Institutional investors and hedge funds have recently bought and sold shares of the company. Villanova Investment Management Co LLC bought a new position in shares of Titan International during the 3rd quarter valued at $1,110,000. Victory Capital Management Inc. boosted its position in Titan International by 31.9% in the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company's stock worth $13,083,000 after purchasing an additional 388,864 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Titan International by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company's stock valued at $4,118,000 after purchasing an additional 6,112 shares during the period. Donald Smith & CO. Inc. purchased a new stake in shares of Titan International during the 3rd quarter valued at about $3,234,000. Finally, Creative Planning lifted its stake in shares of Titan International by 80.2% in the 3rd quarter. Creative Planning now owns 73,151 shares of the industrial products company's stock worth $595,000 after purchasing an additional 32,562 shares during the period. 80.39% of the stock is currently owned by 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.