Titan Machinery (TITN) Receiving Somewhat Positive Press Coverage, Analysis Shows

News articles about Titan Machinery (NASDAQ:TITN) have trended somewhat positive on Wednesday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern 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 Machinery earned a news impact score of 0.06 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.597573907745 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Titan Machinery stock traded down $0.50 during trading hours on Wednesday, hitting $14.48. The company had a trading volume of 13,728 shares, compared to its average volume of 229,214. The firm has a market cap of $334.51 million, a PE ratio of -120.67 and a beta of 1.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.34 and a current ratio of 1.66. Titan Machinery has a fifty-two week low of $11.68 and a fifty-two week high of $25.09.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, May 31st. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The firm had revenue of $245.70 million for the quarter, compared to analyst estimates of $275.70 million. Titan Machinery had a negative net margin of 0.23% and a negative return on equity of 0.08%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.19) EPS. equities analysts anticipate that Titan Machinery will post 0.41 EPS for the current fiscal year.

Several research firms have weighed in on TITN. BidaskClub upgraded shares of Titan Machinery from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Craig Hallum reiterated a “buy” rating and issued a $26.00 price objective on shares of Titan Machinery in a research note on Thursday, March 29th. Robert W. Baird set a $26.00 price objective on shares of Titan Machinery and gave the company a “buy” rating in a research note on Thursday, March 29th. William Blair reiterated a “hold” rating on shares of Titan Machinery in a research note on Wednesday, April 4th. Finally, Zacks Investment Research upgraded shares of Titan Machinery from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $23.75.

In other Titan Machinery news, Director Stan K. Erickson bought 3,000 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was bought at an average cost of $18.06 per share, with a total value of $54,180.00. Following the completion of the transaction, the director now directly owns 16,495 shares of the company’s stock, valued at approximately $297,899.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. 15.46% of the stock is currently owned by corporate insiders.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.

Insider Buying and Selling by Quarter for Titan Machinery (NASDAQ:TITN)

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