Profile
Sector:
IndustrialsIndustry:
Farm & Heavy Construction MachineryCountry:
United StatesIPO:
20 May 1993Website:
http://www.titan-intl.comNext earnings report:
02 August 2024Last dividends:
30 March 2020Next dividends:
N/APrice
pre-market | 26 min agoDividend
Analysts recommendations
Institutional Ownership
TWI Latest News
Titan International's shares have seen upside of 20.4% since September 2023, nearly doubling the performance of the S&P 500. Despite worsening fundamental conditions, the company remains of high quality and shares are still cheap enough to justify continued upside. This is in spite of the high likelihood that the industry will continue to push pain onto the business.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Titan International, Inc. (NYSE:TWI ) Q3 2023 Earnings Call Transcript November 2, 2023 9:00 AM ET Company Participants Alan Snyder - Vice President, Financial Planning and Analysis Paul Reitz - President and Chief Executive Officer David Martin - Senior Vice President and Chief Financial Officer Conference Call Participants Steve Ferazani - Sidoti & Company Kirk Ludtke - Imperial Capital Lawrence Maria - William Blair Operator Good morning, ladies and gentlemen, and welcome to the Titan International, Inc. Third Quarter 2023 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and we will open up the floor for your questions and comments after the presentation.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Titan International's fundamental performance has weakened, but its shares have continued to outperform the broader market. The company's cheap valuation and potential for future growth make it an attractive investment. Despite a drop in revenue and profitability, management remains optimistic about the long-term prospects of the company.
Earnings estimates have been contracting for both the current year and next year.
Titan International, Inc. (NYSE:TWI ) Q2 2023 Earnings Conference Call August 3, 2023 9:30 AM ET Company Participants Alan Snyder - Vice President, Financial Planning and Analysis Paul Reitz - President and Chief Executive Officer David Martin - Senior Vice President and Chief Financial Officer Conference Call Participants Stephen Ferazani - Sidoti Kirk Ludtke - Imperial Capital Lawrence Maria - William Blair Operator Good morning, ladies and gentlemen, and welcome to the Titan International Inc. Second quarter 2023 Earnings Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to Alan Snyder, Vice President, Financial Planning & Analysis and Investor Relations for Titan.
Titan International (TWI) came out with quarterly earnings of $0.43 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.79 per share a year ago.
Titan International, a producer and seller of wheel, tire, and undercarriage industrial equipment, has become an attractive investment opportunity due to improved financial performance and a decline in the company's share price. The company's bottom line performance has continued to improve, with net income expanding from $23.9 million to $31.8 million, and operating cash flow going from negative $18.5 million to positive $24.1 million. Despite a lack of estimates for the year, if current results are annualized, Titan International's shares appear to be cheap, with a forward price to earnings multiple of only 3, making it a soft 'buy' for investors.
What type of business is Titan International?
Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers rims, wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment. The company also offers rims, wheels, tires, and undercarriage systems and components for off-the-road earthmoving, mining, military, construction, and forestry equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators. In addition, it provides bias and light truck tires; and products for ATVs, turf, and golf cart applications, as well as specialty and train brakes. It sells its products directly to original equipment manufacturers, as well as to the aftermarket through independent distributors, equipment dealers, and own distribution centers. Titan International, Inc. was founded in 1890 and is headquartered in Quincy, Illinois.
What sector is Titan International in?
Titan International is in the Industrials sector
What industry is Titan International in?
Titan International is in the Farm & Heavy Construction Machinery industry
What country is Titan International from?
Titan International is headquartered in United States
When did Titan International go public?
Titan International initial public offering (IPO) was on 20 May 1993
What is Titan International website?
https://www.titan-intl.com
Is Titan International in the S&P 500?
No, Titan International is not included in the S&P 500 index
Is Titan International in the NASDAQ 100?
No, Titan International is not included in the NASDAQ 100 index
Is Titan International in the Dow Jones?
No, Titan International is not included in the Dow Jones index
When does Titan International report earnings?
The next expected earnings date for Titan International is 02 August 2024