Titan America (NYSE:TTAM) Issues Quarterly Earnings Results

Titan America (NYSE:TTAM) released its quarterly earnings data on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01), Zacks reports. The business had revenue of $389.82 million during the quarter, compared to analysts’ expectations of $393.17 million.

Titan America Price Performance

Shares of TTAM stock opened at $13.36 on Friday. Titan America has a 1-year low of $12.61 and a 1-year high of $17.78.

Analyst Ratings Changes

A number of brokerages have issued reports on TTAM. Jefferies Financial Group assumed coverage on shares of Titan America in a report on Wednesday, March 5th. They issued a “buy” rating and a $19.00 target price for the company. BNP Paribas upgraded shares of Titan America to a “hold” rating in a report on Tuesday, March 4th. Hsbc Global Res upgraded Titan America to a “strong-buy” rating in a research note on Wednesday, March 12th. Sanford C. Bernstein initiated coverage on shares of Titan America in a research note on Tuesday, March 4th. They set a “market perform” rating and a $17.00 price target on the stock. Finally, Citigroup began coverage on shares of Titan America in a report on Tuesday, March 4th. They issued a “buy” rating and a $19.00 price target on the stock. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.21.

About Titan America

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials.