TITN Stock Recent News

Titan Machinery Inc. (NASDAQ:TITN ) Q3 2024 Results Conference Call November 30, 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 Ted Jackson - Northland Securities Mig Dobre - Robert W. Baird Alex Rygiel - B.

Titan Machinery's (TITN) Q3 results are likely to reflect improved demand in the agriculture segment, higher parts revenues, and revenues generated from rental and services.

Get a deeper insight into the potential performance of Titan Machinery (TITN) for the quarter ended October 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

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.

The price-to-sales ratio is a convenient tool to gauge the value of stocks incurring losses or in an early development cycle. Stocks like TITN, MFIN, PLUS, CRAI and PAGP hold promise.

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.