Q3 2024 EPS Estimates for Titan International, Inc. (NYSE:TWI) Cut by Analyst

Titan International, Inc. (NYSE:TWI) – Equities researchers at Zacks Small Cap decreased their Q3 2024 EPS estimates for Titan International in a research report issued to clients and investors on Tuesday, August 6th. Zacks Small Cap analyst T. Kerr now anticipates that the industrial products company will post earnings per share of $0.02 for the quarter, down from their prior estimate of $0.22. The consensus estimate for Titan International’s current full-year earnings is $0.68 per share. Zacks Small Cap also issued estimates for Titan International’s Q4 2024 earnings at $0.03 EPS and FY2024 earnings at $0.44 EPS.

Titan International Stock Performance

Titan International stock opened at $7.49 on Thursday. Titan International has a 1-year low of $6.71 and a 1-year high of $15.33. The company has a current ratio of 2.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $540.48 million, a PE ratio of 8.42 and a beta of 1.85. The firm’s 50 day simple moving average is $7.66 and its 200 day simple moving average is $10.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Titan International by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,878,594 shares of the industrial products company’s stock valued at $48,327,000 after buying an additional 10,537 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Titan International by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,407,435 shares of the industrial products company’s stock valued at $50,703,000 after acquiring an additional 215,637 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Titan International by 2,689.3% during the second quarter. Victory Capital Management Inc. now owns 1,220,344 shares of the industrial products company’s stock worth $9,043,000 after purchasing an additional 1,176,593 shares in the last quarter. LSV Asset Management increased its position in shares of Titan International by 6.1% in the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock worth $6,138,000 after purchasing an additional 47,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Titan International by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,146 shares of the industrial products company’s stock worth $7,844,000 after purchasing an additional 1,927 shares during the last quarter. Institutional investors own 80.39% of the company’s stock.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.