Zacks Small Cap Issues Pessimistic Forecast for TWI Earnings

Titan International, Inc. (NYSE:TWI) – Equities research analysts at Zacks Small Cap reduced their FY2024 earnings per share (EPS) estimates for shares of Titan International in a report issued on Monday, January 13th. Zacks Small Cap analyst T. Kerr now forecasts that the industrial products company will earn $0.05 per share for the year, down from their prior forecast of $0.06. The consensus estimate for Titan International’s current full-year earnings is $0.06 per share. Zacks Small Cap also issued estimates for Titan International’s Q1 2025 earnings at $0.04 EPS.

A number of other research analysts also recently commented on TWI. DA Davidson initiated coverage on Titan International in a research note on Friday, December 13th. They set a “buy” rating and a $11.00 price objective for the company. StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research report on Tuesday.

Titan International Price Performance

Shares of NYSE TWI opened at $6.99 on Tuesday. Titan International has a twelve month low of $6.34 and a twelve month high of $15.33. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $441.34 million, a price-to-earnings ratio of -58.25 and a beta of 1.82. The business has a 50 day simple moving average of $7.18 and a 200-day simple moving average of $7.52.

Institutional Investors Weigh In On Titan International

Hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in Titan International by 43.7% in the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 1,625 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Titan International by 136.2% during the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 3,132 shares during the last quarter. Koss Olinger Consulting LLC increased its holdings in shares of Titan International by 9.7% during the 3rd quarter. Koss Olinger Consulting LLC now owns 48,681 shares of the industrial products company’s stock valued at $396,000 after acquiring an additional 4,309 shares during the last quarter. Quarry LP bought a new stake in Titan International during the 3rd quarter valued at approximately $41,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Titan International by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after purchasing an additional 6,112 shares during the period. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.