FY2023 Earnings Forecast for Titan International, Inc. Issued By Sidoti Csr (NYSE:TWI)

Titan International, Inc. (NYSE:TWIFree Report) – Stock analysts at Sidoti Csr decreased their FY2023 earnings estimates for shares of Titan International in a research report issued to clients and investors on Wednesday, February 7th. Sidoti Csr analyst S. Ferazani now anticipates that the industrial products company will earn $1.49 per share for the year, down from their previous estimate of $1.52. The consensus estimate for Titan International’s current full-year earnings is $1.54 per share. Sidoti Csr also issued estimates for Titan International’s Q4 2023 earnings at $0.25 EPS and Q3 2025 earnings at $0.35 EPS.

Separately, StockNews.com cut shares of Titan International from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd.

Check Out Our Latest Stock Analysis on TWI

Titan International Price Performance

NYSE:TWI opened at $13.97 on Friday. The stock has a market cap of $864.60 million, a P/E ratio of 7.16 and a beta of 2.17. Titan International has a one year low of $9.23 and a one year high of $16.03. The company has a fifty day moving average price of $14.47 and a 200 day moving average price of $13.17. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.35 and a quick ratio of 1.39.

Hedge Funds Weigh In On Titan International

A number of hedge funds have recently made changes to their positions in the business. Strs Ohio grew its holdings in shares of Titan International by 6.6% in the 2nd quarter. Strs Ohio now owns 33,700 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 2,100 shares during the last quarter. Trexquant Investment LP grew its holdings in Titan International by 2.2% during the 2nd quarter. Trexquant Investment LP now owns 108,059 shares of the industrial products company’s stock worth $1,241,000 after acquiring an additional 2,371 shares during the last quarter. TD Asset Management Inc grew its holdings in Titan International by 12.3% during the 3rd quarter. TD Asset Management Inc now owns 55,500 shares of the industrial products company’s stock worth $745,000 after acquiring an additional 6,100 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Titan International by 13.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,800 shares of the industrial products company’s stock worth $308,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Beacon Investment Advisors LLC grew its holdings in Titan International by 1.4% during the 3rd quarter. Beacon Investment Advisors LLC now owns 154,363 shares of the industrial products company’s stock worth $2,073,000 after acquiring an additional 2,074 shares during the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Company Profile

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Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Latin America, Europe, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally.

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Earnings History and Estimates for Titan International (NYSE:TWI)

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