Earnings Scorecard & Analyst Reports for Titan Machinery Stock Forecast, Price & News (NASDAQ:TITN)

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Earnings results for Titan Machinery Stock Forecast, Price & News (NASDAQ:TITN)

Titan Machinery Inc. is expected* to report earnings on 08/27/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.03. The reported EPS for the same quarter last year was $0.31.

Titan Machinery last announced its earnings results on May 28th, 2020. The reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.27. The business had revenue of $310.21 million for the quarter, compared to the consensus estimate of $257.60 million. Titan Machinery has generated $0.79 earnings per share over the last year and currently has a price-to-earnings ratio of 16.5. Titan Machinery has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

Analyst Opinion on Titan Machinery Stock Forecast, Price & News (NASDAQ:TITN)

2 Wall Street analysts have issued ratings and price targets for Titan Machinery in the last 12 months. Their average twelve-month price target is $15.00, predicting that the stock has a possible upside of 21.56%. The high price target for TITN is $15.00 and the low price target for TITN is $15.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Titan Machinery has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $15.00, Titan Machinery has a forecasted upside of 21.6% from its current price of $12.34. Titan Machinery has received no research coverage in the past 90 days.

Dividend Strength: Titan Machinery Stock Forecast, Price & News (NASDAQ:TITN)

Titan Machinery does not currently pay a dividend. Titan Machinery does not have a long track record of dividend growth.

Insiders buying/selling: Titan Machinery Stock Forecast, Price & News (NASDAQ:TITN)

In the past three months, Titan Machinery insiders have not sold or bought any company stock. Only 15.48% of the stock of Titan Machinery is held by insiders. 74.43% of the stock of Titan Machinery is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Titan Machinery Stock Forecast, Price & News (NASDAQ:TITN

Earnings for Titan Machinery are expected to grow by 102.63% in the coming year, from $0.38 to $0.77 per share. The P/E ratio of Titan Machinery is 16.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.25. The P/E ratio of Titan Machinery is 16.45, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.97. Titan Machinery has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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