News stories about Titan Machinery (NASDAQ:TITN) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Titan Machinery earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.2378920818097 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Analysts Anticipate Titan Machinery Inc. (TITN) Will Announce Quarterly Sales of $368.50 Million (americanbankingnews.com)
- Titan Machinery Inc. (TITN) Expected to Post Earnings of $0.44 Per Share (americanbankingnews.com)
- Is Titan Machinery Inc (NASDAQ:TITN) Attractive At Its Current PE Ratio? (finance.yahoo.com)
- Titan Machinery (TITN) Tops Q2 EPS by 16c, Revenues Beat (streetinsider.com)
- Edited Transcript of TITN earnings conference call or presentation 30-Aug-18 12:30pm GMT (finance.yahoo.com)
NASDAQ TITN traded down $0.05 on Wednesday, hitting $17.74. 2,731 shares of the company’s stock were exchanged, compared to its average volume of 223,611. The company has a current ratio of 1.66, a quick ratio of 0.34 and a debt-to-equity ratio of 0.26. Titan Machinery has a fifty-two week low of $11.88 and a fifty-two week high of $25.09. The stock has a market capitalization of $398.76 million, a price-to-earnings ratio of -147.50 and a beta of 1.61.
Titan Machinery (NASDAQ:TITN) last released its earnings results on Thursday, August 30th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.16. Titan Machinery had a return on equity of 2.17% and a net margin of 0.63%. The company had revenue of $299.89 million for the quarter, compared to analysts’ expectations of $291.08 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. equities analysts forecast that Titan Machinery will post 0.45 earnings per share for the current fiscal year.
Several analysts have commented on the company. BidaskClub raised Titan Machinery from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research raised Titan Machinery from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Tuesday. Finally, ValuEngine upgraded Titan Machinery from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $22.75.
About Titan Machinery
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.
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