Titan International (NYSE:TWI) Announces Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Titan International (NYSE:TWI) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.19, Zacks reports. Titan International had a positive return on equity of 5.76% and a negative net margin of 0.51%.

Titan International Stock Performance

TWI stock traded up $0.01 during trading hours on Wednesday, hitting $8.70. 699,253 shares of the stock were exchanged, compared to its average volume of 693,631. Titan International has a 12 month low of $6.34 and a 12 month high of $14.27. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $549.31 million, a P/E ratio of -72.50 and a beta of 1.82. The company has a 50-day simple moving average of $7.85 and a two-hundred day simple moving average of $7.65.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. DA Davidson started coverage on shares of Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective for the company.

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.