Titan International, Inc. (DE) (NYSE:TWI):
Titan International, Inc. Announces Q3 2016 Earnings Conference Call & Webcast.
In the market the company is trading down from yesterday’s close of $10.21.
Titan International, Inc. (DE) recently declared a dividend for shareholders that was paid on Friday the 14th of October 2016. The dividend payment was $0.005 per share for the quarter which comes to $0.02 on an annualized basis. This dividend represents a yield of $0.19. The ex-dividend date was Wednesday the 28th of September 2016.
The stock is trading at $10.08 which is just over the 50 day moving average of $9.75 and just above the 200 day moving average of $7.75. The 50 day moving average was up $0.33 whereas the 200 day average was up by +30.04%.
In the latest earnings report the EPS was $-2.20 and is estimated to be $-0.50 for the current year with 54,046,000 shares presently outstanding. Next quarter’s EPS is expected be $-0.11 and the next full year EPS is projected to be $0.04.
Wall Street analysts have released ratings on the stock. On October 11 Jefferies kept the company rating at “Hold” and raised the price target from $4.00 to $11.50. On February 26, 2016 the stock rating was changed to a “Strong Buy” according to a Feltl & Co. report which was a boost from the previous “Buy” rating.
January 20 investment analysts at Jefferies left the company rating at “Hold” but lowered the price expectation to $4.00 from $6.00. On November 19 the stock rating was downgraded from “Neutral” to “Sell” by Goldman Sachs.
On October 15 analysts at Avondale Partners began coverage of the stock by announcing an initial rating of “Market Perform” and establishing a price target of $16.00. Feltl & Co. both upgraded the stock and raised the price target on May 1 boosting the price target from $11.00 to $16.88 and changing the rating from “Hold” to “Buy”.