Titan International (NYSE:TWI) issued its quarterly earnings results on Thursday. The industrial products company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.22), Briefing.com reports. Titan International had a negative net margin of 1.31% and a negative return on equity of 5.32%. The business had revenue of $345.90 million during the quarter, compared to analyst estimates of $369.33 million. During the same period in the previous year, the company posted $0.04 earnings per share. Titan International’s revenue was down 10.1% compared to the same quarter last year.
NYSE TWI traded down $0.19 on Friday, reaching $2.76. The company’s stock had a trading volume of 287,785 shares, compared to its average volume of 408,856. Titan International has a twelve month low of $2.25 and a twelve month high of $7.65. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.02 and a current ratio of 2.00. The stock has a market cap of $181.10 million, a PE ratio of 10.22 and a beta of 2.16. The firm’s 50 day moving average is $2.75 and its two-hundred day moving average is $3.81.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Friday, September 27th. Titan International’s payout ratio is 7.41%.
In other news, Director Maurice M. Taylor, Jr. acquired 18,570 shares of Titan International stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of $2.97 per share, with a total value of $55,152.90. Following the completion of the purchase, the director now owns 702,889 shares of the company’s stock, valued at $2,087,580.33. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maurice M. Taylor, Jr. acquired 13,805 shares of Titan International stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $3.02 per share, with a total value of $41,691.10. Following the completion of the purchase, the director now directly owns 702,889 shares of the company’s stock, valued at approximately $2,122,724.78. The disclosure for this purchase can be found here. 17.80% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on TWI shares. Zacks Investment Research downgraded shares of Titan International from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. TheStreet downgraded shares of Titan International from a “c-” rating to a “d+” rating in a report on Friday, August 2nd. Finally, ValuEngine raised shares of Titan International from a “sell” rating to a “hold” rating in a report on Friday, August 2nd.
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 North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally. The company operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.
See Also: What is a dividend reinvestment plan?
Receive News & Ratings for Titan International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International and related companies with MarketBeat.com's FREE daily email newsletter.