Zacks Small Cap Issues Pessimistic Forecast for TWI Earnings

Titan International, Inc. (NYSE:TWI) – Zacks Small Cap decreased their FY2024 EPS estimates for shares of Titan International in a report issued on Monday, January 13th. Zacks Small Cap analyst T. Kerr now anticipates that the industrial products company will earn $0.05 per share for the year, down from their previous forecast 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.

A number of other equities research analysts have also recently weighed in on TWI. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Tuesday. DA Davidson initiated coverage on shares of Titan International in a research note on Friday, December 13th. They issued a “buy” rating and a $11.00 price target for the company.

Titan International Price Performance

Shares of NYSE TWI opened at $6.99 on Tuesday. Titan International has a 52 week low of $6.34 and a 52 week high of $15.33. The stock has a market capitalization of $441.34 million, a price-to-earnings ratio of -58.25 and a beta of 1.82. The firm has a 50-day simple moving average of $7.18 and a 200-day simple moving average of $7.52. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84.

Institutional Investors Weigh In On Titan International

Several institutional investors have recently made changes to their positions in TWI. GAMMA Investing LLC boosted its position in shares of Titan International by 136.2% during 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 in the last quarter. Quarry LP purchased a new stake in shares of Titan International in the 3rd quarter worth about $41,000. FMR LLC boosted its position in shares of Titan International by 43.7% in the 3rd 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 in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Titan International in the 3rd quarter worth about $92,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Titan International in the 3rd quarter worth about $117,000. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

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.