Titan Machinery (TITN) Getting Somewhat Positive Media Coverage, Report Finds
News stories about Titan Machinery (NASDAQ:TITN) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Titan Machinery earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news articles about the company an impact score of 75 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the near future.
Titan Machinery (TITN) traded down 2.47% on Friday, reaching $18.17. 353,386 shares of the company’s stock were exchanged. Titan Machinery has a 12 month low of $8.68 and a 12 month high of $19.22. The firm’s market cap is $388.33 million. The firm’s 50-day moving average is $16.66 and its 200-day moving average is $15.03.
Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Thursday, May 25th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.06. The firm had revenue of $264.10 million during the quarter, compared to analyst estimates of $257 million. Titan Machinery had a negative net margin of 1.37% and a negative return on equity of 4.11%. The business’s revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) EPS. On average, equities analysts forecast that Titan Machinery will post $0.04 earnings per share for the current year.
Several research firms recently issued reports on TITN. ValuEngine raised shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet raised shares of Titan Machinery from a “d+” rating to a “c-” rating in a research report on Monday, April 10th. Finally, Zacks Investment Research lowered shares of Titan Machinery from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $16.50.
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In other Titan Machinery news, Chairman David Joseph Meyer sold 44,950 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $17.25, for a total value of $775,387.50. Following the completion of the sale, the chairman now owns 724,660 shares in the company, valued at $12,500,385. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.08% of the company’s stock.
Titan Machinery Company Profile
Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.
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