Titan Machinery (NASDAQ:TITN) Issues FY25 Earnings Guidance

Titan Machinery (NASDAQ:TITN) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.00-0.50 for the period, compared to the consensus estimate of $0.47.

Titan Machinery Trading Up 0.1 %

NASDAQ TITN traded up $0.02 during trading hours on Thursday, reaching $14.15. The company had a trading volume of 149,217 shares, compared to its average volume of 227,560. The company has a current ratio of 1.29, a quick ratio of 0.15 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $322.90 million, a P/E ratio of 3.40 and a beta of 1.31. The stock has a 50-day moving average of $15.72 and a 200 day moving average of $20.40. Titan Machinery has a 1-year low of $12.30 and a 1-year high of $34.99.

Analyst Upgrades and Downgrades

TITN has been the topic of several recent research reports. Northland Securities downgraded shares of Titan Machinery from an outperform rating to a market perform rating and cut their target price for the stock from $33.00 to $15.00 in a research note on Tuesday, August 20th. Lake Street Capital lowered shares of Titan Machinery from a buy rating to a hold rating and set a $15.00 price target on the stock. in a research note on Thursday, August 15th. B. Riley lowered shares of Titan Machinery from a buy rating to a neutral rating and decreased their price objective for the stock from $32.00 to $20.00 in a research report on Wednesday, June 5th. Northland Capmk downgraded shares of Titan Machinery from a strong-buy rating to a hold rating in a research note on Tuesday, August 20th. Finally, Craig Hallum reduced their price objective on Titan Machinery from $25.00 to $16.00 and set a buy rating on the stock in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $20.17.

About Titan Machinery

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