Titan America (NYSE:TTAM) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Titan America (NYSE:TTAM) released its quarterly earnings results on Wednesday. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01), Zacks reports.

Titan America Trading Down 1.1 %

Shares of NYSE TTAM traded down $0.15 during trading on Wednesday, hitting $13.48. 67,674 shares of the company traded hands, compared to its average volume of 482,699. Titan America has a fifty-two week low of $12.61 and a fifty-two week high of $17.78.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TTAM. Bank of America assumed coverage on Titan America in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $16.50 price objective on the stock. BNP Paribas upgraded shares of Titan America to a “hold” rating in a research report on Tuesday, March 4th. Citigroup initiated coverage on shares of Titan America in a research report on Tuesday, March 4th. They set a “buy” rating and a $19.00 price objective for the company. Stifel Nicolaus initiated coverage on shares of Titan America in a research note on Tuesday, March 4th. They set a “buy” rating and a $19.00 target price for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Titan America in a research report on Tuesday, March 4th. They set a “market perform” rating and a $17.00 price target on the stock. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.36.

About Titan America

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials.