Titan Machinery (NASDAQ:TITN) Issues FY25 Earnings Guidance

Titan Machinery (NASDAQ:TITN) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ($0.25)-$0.25 for the period, compared to the consensus estimate of $0.14. Titan Machinery also updated its FY 2025 guidance to -0.250-0.250 EPS.

Titan Machinery Stock Up 1.8 %

Shares of NASDAQ TITN opened at $15.42 on Tuesday. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $29.30. The firm’s 50-day simple moving average is $14.24 and its 200 day simple moving average is $15.79. The company has a quick ratio of 0.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.18. The company has a market cap of $356.66 million, a price-to-earnings ratio of 5.95 and a beta of 1.25.

Titan Machinery (NASDAQ:TITN) last announced its earnings results on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). The company had revenue of $633.70 million for the quarter, compared to analyst estimates of $645.28 million. Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. Titan Machinery’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 earnings per share. On average, research analysts expect that Titan Machinery will post 0.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TITN has been the subject of a number of recent research reports. Northland Securities restated a “market perform” rating and set a $25.00 target price on shares of Titan Machinery in a research report on Friday, September 13th. B. Riley dropped their price objective on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, September 3rd. Northland Capmk downgraded shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Robert W. Baird lowered their price target on shares of Titan Machinery from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Finally, Craig Hallum cut their price objective on shares of Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.00.

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.