Titan International, Inc. (DE) (NYSE:TWI):
Titan International, Inc. Announces Q3 2016 Earnings Conference Call & Webcast.
The company is now down from yesterday’s close of $10.21.
The company announced a dividend that was paid on Fri Oct 14, 2016. The dividend was $0.005 per share for the quarter or $0.02 on an annualized basis. This dividend amount was represent a yeild of $0.19. The ex-dividend date was set for Wednesday the 28th of September 2016.
It is trading at $10.08 which is marginally over the 50 day moving average of $9.75 and a tad higher than the 200 day moving average of $7.75. The 50 day moving average went up $0.33 or +3.43% and the 200 day average moved up $2.33.
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 currently outstanding. Analysts expect next quarter’s EPS will be $-0.11 with next year’s EPS anticipated to be $0.04.
Wall Street analysts have issued ratings on the stock of late. October 11 investment analysts at Jefferies made no change to the stock rating of “Hold” and moved up the price target to $11.50 from $4.00. On February 26 the company was upgraded from “Buy” to “Strong Buy” in a report issued by Feltl & Co..
On January 20 Jefferies left the stock rating at “Hold” and lowered the price expectation from $6.00 to $4.00. On November 19 the stock rating was downgraded to “Sell” from “Neutral” in a report from Goldman Sachs.
Equity analyst Avondale Partners began coverage of the stock setting a rating of “Market Perform” and price target of $16.00. On May 1 the company was upgraded from “Hold” to “Buy” with a current price target of $16.88 by analysts at Feltl & Co..