Titan International, Inc. (NYSE:TWI – Get Rating) – Equities researchers at William Blair upped their Q3 2022 EPS estimates for Titan International in a research report issued on Tuesday, June 14th. William Blair analyst L. De. Maria now anticipates that the industrial products company will post earnings per share of $0.47 for the quarter, up from their previous forecast of $0.27. The consensus estimate for Titan International’s current full-year earnings is $1.57 per share. William Blair also issued estimates for Titan International’s Q4 2022 earnings at $0.50 EPS, FY2022 earnings at $2.50 EPS and FY2023 earnings at $2.50 EPS.
Separately, StockNews.com raised shares of Titan International from a “hold” rating to a “buy” rating in a report on Sunday, April 24th.
Titan International (NYSE:TWI – Get Rating) last posted its quarterly earnings results on Monday, May 2nd. The industrial products company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.15. Titan International had a net margin of 3.10% and a return on equity of 37.62%. The firm had revenue of $556.00 million during the quarter, compared to the consensus estimate of $506.33 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share.
Institutional investors have recently modified their holdings of the business. Captrust Financial Advisors grew its stake in Titan International by 5,040.0% during the 1st quarter. Captrust Financial Advisors now owns 1,799 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 1,764 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Titan International by 10,448.5% in the 2nd quarter. Royal Bank of Canada now owns 3,481 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 3,448 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Titan International by 65.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company’s stock worth $51,000 after buying an additional 1,388 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Titan International during the 1st quarter worth approximately $71,000. Finally, Metropolitan Life Insurance Co NY lifted its holdings in Titan International by 29.3% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,019 shares of the industrial products company’s stock worth $88,000 after buying an additional 1,818 shares in the last quarter. Institutional investors and hedge funds own 75.23% of the company’s stock.
Titan International Company Profile (Get Rating)
Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally.
- Get a free copy of the StockNews.com research report on Titan International (TWI)
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