Titan Machinery (NASDAQ:TITN) issued its earnings results on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.03), Briefing.com reports. The company had revenue of $360.90 million during the quarter, compared to analysts’ expectations of $373.65 million. Titan Machinery had a net margin of 1.04% and a return on equity of 5.20%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 earnings per share. Titan Machinery updated its FY20 guidance to $0.75-0.85 EPS.
NASDAQ TITN opened at $15.23 on Wednesday. The stock has a market cap of $397.00 million, a PE ratio of 22.77 and a beta of 2.36. The company has a current ratio of 1.40, a quick ratio of 0.26 and a debt-to-equity ratio of 0.38. Titan Machinery has a twelve month low of $11.99 and a twelve month high of $21.88. The stock has a fifty day simple moving average of $16.68 and a 200-day simple moving average of $17.14.
Several analysts have issued reports on the company. BidaskClub upgraded Titan Machinery from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Zacks Investment Research upgraded Titan Machinery from a “sell” rating to a “buy” rating and set a $19.00 price target for the company in a report on Sunday, November 3rd. Finally, ValuEngine cut Titan Machinery from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Titan Machinery currently has an average rating of “Hold” and a consensus target price of $21.50.
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 Industrial family of brands, as well as equipment from various other manufacturers.
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