Equities Analysts Offer Predictions for TWI FY2024 Earnings

Titan International, Inc. (NYSE:TWI) – Analysts at Zacks Small Cap dropped their FY2024 earnings per share estimates for Titan International in a research note issued to investors on Monday, January 13th. Zacks Small Cap analyst T. Kerr now forecasts that the industrial products company will post earnings per share of $0.05 for the year, down from their prior estimate 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.

Several other research firms also recently weighed in on TWI. DA Davidson initiated coverage on Titan International in a research note on Friday, December 13th. They set a “buy” rating and a $11.00 price target on the stock. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Tuesday.

Titan International Stock Performance

TWI opened at $6.80 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The firm’s 50-day moving average price is $7.18 and its 200-day moving average price is $7.52. Titan International has a 52-week low of $6.34 and a 52-week high of $15.33. The company has a market cap of $429.35 million, a P/E ratio of -56.67 and a beta of 1.82.

Institutional Investors Weigh In On Titan International

A number of institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its position in Titan International by 35.6% during the second quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock worth $33,194,000 after acquiring an additional 1,175,857 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Titan International by 31.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after purchasing an additional 388,864 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Titan International by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after purchasing an additional 6,112 shares in the last quarter. Donald Smith & CO. Inc. acquired a new stake in shares of Titan International in the third quarter valued at approximately $3,234,000. Finally, Empowered Funds LLC lifted its position in Titan International by 5.4% during the third quarter. Empowered Funds LLC now owns 297,142 shares of the industrial products company’s stock worth $2,416,000 after buying an additional 15,142 shares in the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

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.