Titan Machinery (NASDAQ:TITN) Issues FY25 Earnings Guidance

Titan Machinery (NASDAQ:TITN) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ($0.25)-$0.25 for the period, compared to the consensus estimate of $0.14. Titan Machinery also updated its FY 2025 guidance to -0.250-0.250 EPS.

Titan Machinery Trading Down 2.4 %

Titan Machinery stock opened at $15.69 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. The firm has a market cap of $362.91 million, a PE ratio of 11.71 and a beta of 1.25. The stock’s 50 day simple moving average is $14.34 and its two-hundred day simple moving average is $15.73. Titan Machinery has a 12 month low of $12.30 and a 12 month high of $29.30.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). Titan Machinery had a return on equity of 5.93% and a net margin of 1.10%. The business had revenue of $633.70 million for the quarter, compared to analysts’ expectations of $645.28 million. During the same quarter in the prior year, the company posted $1.38 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts anticipate that Titan Machinery will post 0.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TITN. Robert W. Baird reduced their price objective on shares of Titan Machinery from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Northland Capmk downgraded shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Lake Street Capital cut Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a report on Thursday, August 15th. B. Riley cut their price objective on Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, September 3rd. Finally, Craig Hallum decreased their target price on Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.