Titan International (NYSE:TWI) Cut to Sell at Wall Street Zen

Titan International (NYSE:TWI) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Titan International in a report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.00.

Titan International Trading Down 5.5%

Shares of TWI opened at $4.64 on Friday. The business’s 50-day moving average price is $6.98 and its 200-day moving average price is $7.83. Titan International has a twelve month low of $4.61 and a twelve month high of $11.70. The stock has a market cap of $299.47 million, a PE ratio of -2.54 and a beta of 1.43. The company has a quick ratio of 1.15, a current ratio of 2.16 and a debt-to-equity ratio of 1.16.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Thursday, October 29th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Titan International had a negative net margin of 6.76% and a negative return on equity of 2.54%. The firm had revenue of $335.18 million for the quarter, compared to the consensus estimate of $448.82 million. On average, equities analysts forecast that Titan International will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Titan International

Several hedge funds have recently bought and sold shares of the stock. Grace & White Inc. NY grew its stake in Titan International by 16.6% in the 3rd quarter. Grace & White Inc. NY now owns 438,228 shares of the industrial products company’s stock worth $2,971,000 after buying an additional 62,500 shares in the last quarter. SummerHaven Investment Management LLC bought a new position in shares of Titan International in the 3rd quarter worth $726,000. Engineers Gate Manager LP purchased a new stake in shares of Titan International during the 2nd quarter valued at $225,000. Squarepoint Ops LLC purchased a new stake in shares of Titan International during the 2nd quarter valued at $1,211,000. Finally, HighTower Advisors LLC raised its position in shares of Titan International by 18.6% during the 2nd quarter. HighTower Advisors LLC now owns 50,271 shares of the industrial products company’s stock valued at $388,000 after buying an additional 7,892 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors.

More Titan International News

Here are the key news stories impacting Titan International this week:

• Positive Sentiment: Titan reported third-quarter adjusted EPS of -$0.03, exceeding the consensus estimate of -$0.05 by $0.02. Earthmoving and construction sales also increased 5% year over year to $57.4 million. Titan International third-quarter earnings report
• Positive Sentiment: Management projected fourth-quarter revenue of $410 million to $430 million and adjusted EBITDA ranging from breakeven to $7 million. The company continues to target a January 2027 closing for the ITM sale, which could simplify operations and provide proceeds for Titan. Titan fourth-quarter outlook and ITM sale
• Neutral Sentiment: The ITM business was classified as discontinued operations ahead of its proposed sale to USCO S.p.A. This accounting treatment contributed to a reported net loss of $42.5 million, or $0.66 per share, making comparisons with prior periods more difficult. Titan third-quarter financial results
• Negative Sentiment: Third-quarter sales fell to $335.2 million from $357.3 million a year earlier and were well below the roughly $448.8 million analyst estimate. Agricultural sales declined 11.7%, consumer sales fell 3.3%, and adjusted EBITDA from continuing operations dropped to $16.4 million from $20.3 million. Titan third-quarter revenue and loss report
• Negative Sentiment: Analysts and investors remain concerned that the ITM transaction could face closing delays, execution challenges or deliver less financial benefit than expected. The weak agricultural market and fourth-quarter EBITDA guidance near breakeven reinforce concerns about Titan’s near-term profitability. Titan ITM sale risks

Titan International Company Profile

Titan International, Inc (NYSE:TWI) designs, manufactures and sells wheels, tires and undercarriage systems for off-highway vehicles and equipment. Its products are used in agricultural, construction, earthmoving, mining and other industrial applications, with offerings that include specialized tires, wheels, wheel assemblies, tracks and related components.

The company serves original equipment manufacturers and replacement, or aftermarket, customers. Its products are used on tractors, combines, planting and harvesting equipment, loaders, graders, haulage vehicles and other heavy-duty machinery.