Titan Machinery Inc (NASDAQ: TITN) has reported earnings for its first fiscal quarter (ending April 30) of $0.42 versus $1.19 for the same period a year ago. E.P.S. were $4.17 for the latest four quarters through April 30 versus $4.91 for the same period a year ago.
Recent Price Action
On 5/23/24, Titan Machinery Inc (NASDAQ: TITN) stock suffered a major decline of -14.7%, closing at $19.75. Moreover, exceptionally high trading volume at 627% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -15.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TITN is expected to continue to be a modest Value Builder.
Titan Machinery has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Titan Machinery has a very high Appreciation Score of 90 but a very low Power Rating of 7, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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