Economy

Which Analysts Are Watching Titan Machinery Inc. (NASDAQ:TITN)?

551596 shares were traded on Titan Machinery Inc.'s last session. The firm is expected to report its next earnings results on Wednesday, November 29th. Analysts expect next quarter's EPS will be $-0.03 with next year's EPS anticipated to be $0.29. For the next fiscal year, analysts forecast that the firm will post sales of $1.15 billion per share, with estimates ranging from $1.12 billion to $1.19 billion.

Shares of Titan Machinery (TITN) opened at 12.10 on Friday.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, August 31st.

As of the latest earnings report the EPS was $-0.76 and is projected to be $0.03 for the current year with 21,372,000 shares now outstanding. Titan Machinery had a negative return on equity of 3.67% and a negative net margin of 1.61%. The business had revenue of $268.87 million during the quarter, compared to analyst estimates of $260.08 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The business's revenue for the quarter was down 3.4% compared to the same quarter previous year.

TITN has been the subject of several recent research reports.

04/11/2014 - Titan Machinery Inc. was upgraded to "neutral" by analysts at Longbow Research. Taking a look back at some historical performance numbers for Titan Machinery Inc.

Aegis Capital began new coverage on Titan Machinery Inc. giving the company a "buy" rating. Piper Jaffray Companies set a $18.00 price target on shares of Titan Machinery and gave the company a "hold" rating in a report on Friday, August 4th. Us National Bank & Trust De holds 0% in Titan Machinery Inc. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. They now have a United States dollars 18 price target on the stock. Vanguard Group Inc. now owns 738,459 shares of the company's stock valued at $13,277,000 after buying an additional 24,232 shares during the period. Nationwide Fund Advisors has 0% invested in Titan Machinery Inc. JPMorgan Chase & Co. now owns 1,214,699 shares of the company's stock worth $18,634,000 after purchasing an additional 318,205 shares during the last quarter.

As of quarter end Teton Advisors, Inc. had acquired a total of 6,300 shares growing its holdings by 5.4%. Finally, Voya Investment Management LLC lifted its stake in Titan Machinery by 14.2% during the second quarter. The Manufacturers Life Insurance Company now owns 16,622 shares of the company's stock worth $298,000 after acquiring an additional 2,054 shares in the last quarter. State Street Corp raised its stake in shares of Titan Machinery by 10.1% during the 2nd quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of Titan Machinery by 170.4% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 740,338 shares of the company's stock worth $11,357,000 after purchasing an additional 220,588 shares during the last quarter. Comparatively, 67.2% of Deere & shares are owned by institutional investors.

TRADEMARK VIOLATION WARNING: "Titan Machinery Inc. (TITN) Downgraded by ValuEngine to "Sell" was posted by BBNS and is owned by of BBNS. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and worldwide copyright and trademark laws. The correct version of this story can be read at https://baseballnewssource.com/markets/titan-machinery-inc-titn-downgraded-by-valuengine-to-sell/1572344.html. Titan Machinery Inc. (TITN) maintained activity of 0.13 million shares that trade hands on average basis. (GCAP) climbed 1.11% and its total traded volume was 0.13 million shares contrast to the average volume of 0.26 million shares. The company holds 26.32 million outstanding shares and 18.32 million shares are floating in market. Titan Machinery Inc. has a 52-week low of 8.68 and a 52-week high of 19.22. It is now trading at $12.10 which is quite a bit below the 50 day moving average which is $16.78 and which is well below the 200 day moving average of $16.02.



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