Titan Machinery (NASDAQ:TITN) Releases Quarterly Earnings Results, Misses Estimates By $0.26 EPS

Titan Machinery (NASDAQ:TITN) announced its quarterly earnings results on Thursday. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.26), reports. Titan Machinery had a net margin of 3.37% and a return on equity of 15.15%. The firm had revenue of $628.70 million during the quarter, compared to the consensus estimate of $664.18 million. Titan Machinery updated its FY25 guidance to $2.25-2.75 EPS.

Titan Machinery Trading Down 5.5 %

TITN opened at $18.66 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.32 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $23.40 and a 200-day moving average of $25.42. Titan Machinery has a twelve month low of $18.49 and a twelve month high of $35.88. The stock has a market cap of $425.71 million, a PE ratio of 4.48 and a beta of 1.41.

Analyst Ratings Changes

A number of brokerages have recently commented on TITN. StockNews.com cut Titan Machinery from a “hold” rating to a “sell” rating in a report on Friday. Robert W. Baird dropped their price target on shares of Titan Machinery from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday. TheStreet lowered shares of Titan Machinery from a “b-” rating to a “c+” rating in a report on Monday, February 26th. Finally, Craig Hallum decreased their price objective on Titan Machinery from $30.00 to $25.00 and set a “buy” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Titan Machinery by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,783,274 shares of the company’s stock valued at $51,501,000 after buying an additional 22,176 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Titan Machinery by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,164,276 shares of the company’s stock worth $28,886,000 after purchasing an additional 9,548 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in Titan Machinery by 9.2% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 969,218 shares of the company’s stock valued at $25,762,000 after purchasing an additional 82,000 shares during the period. American Century Companies Inc. increased its stake in Titan Machinery by 241.0% during the 3rd quarter. American Century Companies Inc. now owns 721,521 shares of the company’s stock valued at $19,178,000 after purchasing an additional 509,919 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Titan Machinery by 9.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,011 shares of the company’s stock worth $9,444,000 after buying an additional 28,719 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

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.