Titan Machinery (TITN) Expected to Announce Quarterly Earnings on Thursday

Titan Machinery (NASDAQ:TITN) is expected to post its quarterly earnings results before the market opens on Thursday, March 20th. Analysts expect Titan Machinery to post earnings of ($0.87) per share and revenue of $728.55 million for the quarter.

Titan Machinery Stock Down 3.3 %

Shares of NASDAQ TITN opened at $13.86 on Wednesday. The stock has a fifty day moving average price of $16.56 and a 200 day moving average price of $15.08. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20. Titan Machinery has a 12-month low of $12.30 and a 12-month high of $27.13. The company has a market cap of $320.53 million, a P/E ratio of 10.34 and a beta of 1.28.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TITN shares. Baird R W upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Robert W. Baird upgraded Titan Machinery from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $25.00 in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.20.

Titan Machinery Company Profile

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.