Titan Machinery (NASDAQ:TITN) Updates FY 2027 Earnings Guidance

Titan Machinery (NASDAQ:TITN) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of -1.750–1.250 for the period, compared to the consensus earnings per share estimate of -1.260. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research firms have recently issued reports on TITN. Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday. Robert W. Baird decreased their price objective on shares of Titan Machinery from $21.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Titan Machinery has a consensus rating of “Reduce” and an average price target of $17.00.

Titan Machinery Trading Up 2.9%

Titan Machinery stock opened at $23.85 on Tuesday. The firm has a 50 day simple moving average of $20.16 and a 200-day simple moving average of $18.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 0.24. The stock has a market capitalization of $555.94 million, a PE ratio of -10.02 and a beta of 1.38. Titan Machinery has a 12-month low of $13.21 and a 12-month high of $25.00.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Tuesday, June 9th. The company reported ($0.55) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.05. The business had revenue of $522.38 million during the quarter, compared to analysts’ expectations of $485.61 million. Titan Machinery had a negative net margin of 2.23% and a negative return on equity of 8.40%. During the same period last year, the firm posted ($0.58) earnings per share. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. As a group, equities research analysts expect that Titan Machinery will post -1.7 EPS for the current fiscal year.

Institutional Trading of Titan Machinery

A number of large investors have recently added to or reduced their stakes in TITN. Royal Bank of Canada boosted its holdings in Titan Machinery by 8.1% during the first quarter. Royal Bank of Canada now owns 66,882 shares of the company’s stock worth $1,140,000 after buying an additional 4,988 shares in the last quarter. Creative Planning boosted its holdings in Titan Machinery by 25.9% during the second quarter. Creative Planning now owns 19,124 shares of the company’s stock worth $379,000 after buying an additional 3,939 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Titan Machinery by 330.3% during the second quarter. JPMorgan Chase & Co. now owns 49,889 shares of the company’s stock worth $988,000 after buying an additional 38,296 shares in the last quarter. Prudential Financial Inc. bought a new stake in Titan Machinery during the second quarter worth approximately $246,000. Finally, Jump Financial LLC boosted its holdings in Titan Machinery by 11.3% during the second quarter. Jump Financial LLC now owns 38,300 shares of the company’s stock worth $759,000 after buying an additional 3,874 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

About Titan Machinery

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.