News headlines about Titan International (NYSE:TWI) have trended somewhat negative this week, AlphaOne reports. The research group, a unit of Accern, identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Titan International earned a coverage optimism score of -0.04 on AlphaOne’s scale. AlphaOne also assigned news articles about the industrial products company an impact score of 76 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Alpha One Sentiment’s scoring:
- BRK INCORPORATED (OTCMKTS:BRKK) Shorts Decreased by 17.02% After Short Covering (ismboard.com)
- Titan International (TWI) and Deere & Company (DE) Head to Head Comparison (americanbankingnews.com)
- Head-To-Head Survey: Titan International (TWI) vs. Terex Corporation (TEX) (americanbankingnews.com)
- Titan International, Inc. (TWI) Plans Quarterly Dividend of $0.01 (americanbankingnews.com)
- The Hologic, Inc. (HOLX) Director Elaine Ullian Sells 8938 Shares (leisuretravelaid.com)
TWI has been the topic of a number of recent analyst reports. Feltl & Co. reissued a “buy” rating on shares of Titan International in a report on Thursday, March 16th. Zacks Investment Research raised Titan International from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Saturday, March 11th. Sidoti raised Titan International from a “neutral” rating to a “buy” rating in a report on Tuesday, April 18th. Finally, Jefferies Group LLC reaffirmed an “underperform” rating and issued a $14.00 target price (up from $11.50) on shares of Titan International in a report on Friday, April 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Titan International has a consensus rating of “Buy” and a consensus price target of $14.33.
Titan International (TWI) traded down 3.14% on Friday, reaching $11.71. The company had a trading volume of 716,519 shares. The company’s 50-day moving average price is $10.93 and its 200 day moving average price is $11.31. Titan International has a 1-year low of $5.79 and a 1-year high of $14.23. The firm’s market capitalization is $698.58 million.
Titan International (NYSE:TWI) last released its quarterly earnings data on Thursday, May 4th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.09. Titan International had a negative return on equity of 11.22% and a negative net margin of 3.12%. The business had revenue of $357.50 million for the quarter, compared to analysts’ expectations of $332.14 million. During the same quarter in the prior year, the firm earned ($0.33) earnings per share. Titan International’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Titan International will post ($0.07) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.005 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.02 annualized dividend and a yield of 0.17%. Titan International’s dividend payout ratio is currently -2.78%.
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About Titan International
Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.
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