Friday, May 29, 2015 2:40:57 PM
Posted by mitch on May 29th, 2015 //
Titan Machinery logoShares of Titan Machinery (NASDAQ:TITN) saw unusually-high trading volume on Friday after the company announced better than expected quarterly earnings, Analyst RN reports. Approximately 243,601 shares traded hands during trading, an increase of 125% from the previous session’s volume of 108,214 shares.The stock last traded at $15.29 and had previously closed at $14.00.
The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.09. The company had revenue of $353.20 million for the quarter, compared to the consensus estimate of $355.24 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was down 24.1% on a year-over-year basis.
A number of research firms have recently commented on TITN. Analysts at Feltl & Co. upgraded shares of Titan Machinery from a “buy” rating to a “strong-buy” rating and set a $20.50 price target on the stock in a research note on Friday. Analysts at Zacks downgraded shares of Titan Machinery from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Analysts at TheStreet downgraded shares of Titan Machinery from a “hold” rating to a “sell” rating in a research note on Wednesday, April 15th. Finally, analysts at Robert W. Baird reiterated a “hold” rating and set a $12.00 price target (up previously from $11.00) on shares of Titan Machinery in a research note on Thursday, April 16th.
The stock has a 50-day moving average of $13. and a 200-day moving average of $13.. The company’s market cap is $323.77 million.
Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company operates in three segments: Agriculture, Construction and International. Within each segment, the Company has four principal sources of business activities, which include new and used equipment sales, parts sales, repair and maintenance service, and equipment rental and other business activities.
ANYTHING CAN HAPPEN TO YOUR INVESTMENTS PLEASE DO YOUR DD BEFORE INVESTING AND MAKE $$$$$$$
Recent TITN News
- Titan Machinery Inc. Announces Results for Fiscal Fourth Quarter and Full Year Ended January 31, 2024 • GlobeNewswire Inc. • 03/21/2024 10:45:00 AM
- Titan Machinery Inc. to Report Fiscal Fourth Quarter and Full Year Ended January 31, 2024 Results on Thursday, March 21, 2024 • GlobeNewswire Inc. • 03/13/2024 10:45:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 05:35:02 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 05:33:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/18/2024 09:05:35 PM
- Titan Machinery Elects New Board Member • GlobeNewswire Inc. • 01/18/2024 09:05:00 PM
- Titan Machinery Announces Acquisition of Scott Supply, Co. • GlobeNewswire Inc. • 01/11/2024 09:05:00 PM
- Titan Machinery Inc. to Participate in the 2024 ICR Conference • GlobeNewswire Inc. • 01/02/2024 09:05:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/07/2023 10:26:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/30/2023 12:44:51 PM
- Titan Machinery Inc. Announces Results for Fiscal Third Quarter Ended October 31, 2023 • GlobeNewswire Inc. • 11/30/2023 11:45:00 AM
- Titan Machinery Inc. to Report Fiscal Third Quarter Ended October 31, 2023 Results on Thursday, November 30, 2023 • GlobeNewswire Inc. • 11/16/2023 11:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/18/2023 12:00:01 PM
- Titan Machinery Inc. Announces Leadership Succession to Drive Next Phase of Growth • GlobeNewswire Inc. • 10/18/2023 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/07/2023 09:24:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/31/2023 11:41:03 AM
- Titan Machinery Inc. Announces Results for Fiscal Second Quarter Ended July 31, 2023 • GlobeNewswire Inc. • 08/31/2023 10:45:00 AM
- Titan Machinery Inc. Announces Strategic Acquisition of O’Connors • GlobeNewswire Inc. • 08/30/2023 08:05:00 PM
- Titan Machinery Inc. to Report Fiscal Second Quarter Ended July 31, 2023 Results on Thursday, August 31, 2023 • GlobeNewswire Inc. • 08/10/2023 08:05:00 PM
- Titan Machinery Inc. Announces Results for Fiscal First Quarter Ended April 30, 2023 • GlobeNewswire Inc. • 05/25/2023 10:45:00 AM
- Titan Machinery Inc. to Report Fiscal First Quarter Ended April 30, 2023 Results on May 25, 2023 • GlobeNewswire Inc. • 05/11/2023 10:45:00 AM
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