Titan International, Inc. to Post Q3 2024 Earnings of $0.02 Per Share, Zacks Small Cap Forecasts (NYSE:TWI)

Titan International, Inc. (NYSE:TWI) – Zacks Small Cap cut their Q3 2024 earnings estimates for shares of Titan International in a research report issued on Tuesday, August 6th. Zacks Small Cap analyst T. Kerr now expects that the industrial products company will earn $0.02 per share for the quarter, down from their prior forecast of $0.22. The consensus estimate for Titan International’s current full-year earnings is $0.68 per share. Zacks Small Cap also issued estimates for Titan International’s Q4 2024 earnings at $0.03 EPS and FY2024 earnings at $0.44 EPS.

Titan International Stock Performance

NYSE TWI opened at $7.49 on Thursday. The firm’s fifty day moving average price is $7.66 and its two-hundred day moving average price is $10.50. The stock has a market cap of $540.48 million, a PE ratio of 8.42 and a beta of 1.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.38 and a current ratio of 2.40. Titan International has a fifty-two week low of $6.71 and a fifty-two week high of $15.33.

Institutional Investors Weigh In On Titan International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC boosted its stake in shares of Titan International by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 62,440 shares of the industrial products company’s stock valued at $929,000 after purchasing an additional 747 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Titan International by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,146 shares of the industrial products company’s stock worth $7,844,000 after buying an additional 1,927 shares during the period. Byrne Asset Management LLC bought a new stake in Titan International during the 1st quarter worth approximately $25,000. Price T Rowe Associates Inc. MD increased its position in Titan International by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,505 shares of the industrial products company’s stock valued at $555,000 after acquiring an additional 2,171 shares during the period. Finally, Capital Investment Counsel Inc raised its stake in shares of Titan International by 2.2% during the second quarter. Capital Investment Counsel Inc now owns 117,383 shares of the industrial products company’s stock valued at $870,000 after acquiring an additional 2,543 shares during the last quarter. Institutional investors own 80.39% of the company’s stock.

About Titan International

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.