TITN Stock Recent News

WEST FARGO, N.D., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, announced today it will release financial results for the third quarter ended October 31, 2023, on Thursday, November 30, 2023, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time).

Titan Machinery has achieved strong financial performance in recent years, driven by agricultural industry tailwinds. The company's strategy includes small acquisitions of machinery dealerships, diverting the company from paying dividends. The stock seems undervalued with a forward P/E of 5.0; if earnings don't fall very substantially, the stock is cheap even with a sustainable earnings level.

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Titan Machinery (TITN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Titan Machinery (TITN) Q2 top line reflects solid performance across all its segments.

Titan Machinery Inc. (NASDAQ:TITN ) Q2 2024 Earnings Conference Call August 31, 2023 8:30 AM ET Company Participants Jeff Sonnek - ICR David Meyer - Chairman and Chief Executive Officer Bryan Knutson - President and Chief Operating Officer Bo Larsen - Chief Financial Officer Conference Call Participants Ben Klieve - Lake Street Capital Markets Alex Rygiel - B. Riley Securities Ted Jackson - Northland Securities Reid Seay - Stephens Inc Mig Dobre - Baird Larry De Maria - William Blair Steve Dyer - Craig-Hallum Capital Group Operator Greetings, and welcome to the Titan Machinery Inc. Second Quarter Fiscal 2024 Earnings Call.

Titan Machinery crushed on earnings this morning, showing 25% year-over-year earnings growth. Demand is strong -- it's supply that's the problem.

Titan Machinery (TITN) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.10 per share a year ago.

Titan Machinery is the leading dealer of CNH Industrial equipment, with a network of approximately 120 dealerships worldwide. The company has undergone operational changes to increase inventory turnover and margins, benefiting from higher crop prices and favorable regulations. The current market sentiment underestimates the sustainability of Titan Machinery's favorable business environment, with the potential for 30% upside in its valuation.

Titan Machinery's (TITN) first-quarter earnings reflect solid performances across most of its businesses.