Titan Machinery (NASDAQ:TITN) Updates 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.

Analyst Ratings Changes

Several equities analysts have weighed in on TITN shares. B. Riley lowered their price target on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, September 3rd. Northland Capmk cut shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Northland Securities reiterated a “market perform” rating and issued a $25.00 price target on shares of Titan Machinery in a research note on Friday, September 13th. Lake Street Capital cut Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a report on Thursday, August 15th. Finally, Craig Hallum dropped their price objective on Titan Machinery from $25.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.00.

Titan Machinery Stock Performance

NASDAQ TITN opened at $16.07 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.27 and a quick ratio of 0.13. Titan Machinery has a 1-year low of $12.30 and a 1-year high of $29.30. The business has a 50 day simple moving average of $14.24 and a two-hundred day simple moving average of $15.79. The stock has a market capitalization of $371.70 million, a PE ratio of 6.20 and a beta of 1.25.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.09). Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. The business had revenue of $633.70 million during the quarter, compared to the consensus estimate of $645.28 million. During the same quarter in the prior year, the firm posted $1.38 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, research analysts predict that Titan Machinery will post 0.21 EPS for the current fiscal year.

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.