Titan Machinery (TITN) to Release Quarterly Earnings on Thursday

Titan Machinery (NASDAQ:TITN) will likely be issuing its quarterly earnings data before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of ($0.87) per share and revenue of $728.55 million for the quarter.

Titan Machinery Trading Down 3.3 %

Shares of TITN opened at $13.86 on Wednesday. Titan Machinery has a fifty-two week low of $12.30 and a fifty-two week high of $27.13. The company has a market capitalization of $320.53 million, a PE ratio of 10.34 and a beta of 1.28. The stock has a fifty day moving average of $16.56 and a two-hundred day moving average of $15.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32.

Wall Street Analyst Weigh In

Several research firms recently commented on TITN. Baird R W upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Robert W. Baird raised shares of Titan Machinery from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $25.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Titan Machinery has a consensus rating of “Hold” and an average target price of $19.20.

Titan Machinery Company Profile

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.