FY2024 EPS Estimates for TWI Decreased by Zacks Small Cap

Titan International, Inc. (NYSE:TWI) – Investment analysts at Zacks Small Cap reduced their FY2024 earnings estimates for Titan International in a research report issued to clients and investors on Monday, January 13th. Zacks Small Cap analyst T. Kerr now expects that the industrial products company will post earnings per share of $0.05 for the year, down from their prior estimate of $0.06. The consensus estimate for Titan International’s current full-year earnings is $0.06 per share. Zacks Small Cap also issued estimates for Titan International’s Q1 2025 earnings at $0.04 EPS.

TWI has been the subject of several other reports. DA Davidson began coverage on Titan International in a research note on Friday, December 13th. They issued a “buy” rating and a $11.00 price objective for the company. StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research report on Tuesday.

Titan International Stock Up 3.2 %

TWI opened at $6.80 on Tuesday. The firm’s 50 day simple moving average is $7.18 and its two-hundred day simple moving average is $7.52. The company has a market capitalization of $429.35 million, a PE ratio of -56.67 and a beta of 1.82. Titan International has a 1-year low of $6.34 and a 1-year high of $15.33. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84.

Hedge Funds Weigh In On Titan International

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 3,132 shares during the period. Quarry LP bought a new position in shares of Titan International during the third quarter valued at approximately $41,000. FMR LLC raised its holdings in shares of Titan International by 43.7% in the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after buying an additional 1,625 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Titan International during the 3rd quarter worth approximately $92,000. Finally, Intech Investment Management LLC purchased a new position in Titan International during the 3rd quarter valued at $117,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

About Titan International

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.