What is Zacks Small Cap’s Forecast for TWI FY2024 Earnings?

Titan International, Inc. (NYSE:TWI) – Equities research analysts at Zacks Small Cap lowered their FY2024 earnings per share estimates for shares of Titan International in a report released on Monday, January 13th. Zacks Small Cap analyst T. Kerr now forecasts that the industrial products company will earn $0.05 per share for the year, down from their previous estimate of $0.06. The consensus estimate for Titan International’s current full-year earnings is $0.06 per share. Zacks Small Cap also issued estimates for Titan International’s Q1 2025 earnings at $0.04 EPS.

Other research analysts have also recently issued research reports about the stock. StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a report on Tuesday. DA Davidson started coverage on Titan International in a report on Friday, December 13th. They issued a “buy” rating and a $11.00 price target for the company.

Titan International Stock Performance

TWI opened at $6.61 on Tuesday. The firm has a fifty day moving average price of $7.17 and a 200 day moving average price of $7.52. Titan International has a 1 year low of $6.34 and a 1 year high of $15.33. The stock has a market cap of $417.35 million, a P/E ratio of -55.08 and a beta of 1.82. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

Institutional Investors Weigh In On Titan International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. boosted its holdings in Titan International by 183.4% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 48,503 shares of the industrial products company’s stock worth $359,000 after buying an additional 31,386 shares during the last quarter. Denali Advisors LLC boosted its stake in shares of Titan International by 582.0% in the second quarter. Denali Advisors LLC now owns 276,887 shares of the industrial products company’s stock worth $2,052,000 after acquiring an additional 236,287 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Titan International by 35.6% during the second quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock worth $33,194,000 after purchasing an additional 1,175,857 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Titan International by 6.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 112,193 shares of the industrial products company’s stock valued at $831,000 after purchasing an additional 7,205 shares during the last quarter. Finally, Creative Planning purchased a new position in Titan International in the 2nd quarter valued at $301,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.