Titan Machinery Inc Down 7.44% To $23.59 After Earnings

Titan Machinery Inc (TITN) said before open Thursday that it broke even in quarter three 2024.

In the same quarter a year ago, the company earned $1.83 per share on revenue of $668.8 million.

The stock is down 7.44% to $23.59 after the report.

Titan Machinery Inc's profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Titan Machinery Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 18, putting Titan Machinery Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $23.04 on October 25, 2023 and set a 52-week high on March 8, 2023 at $47.87.

Titan Machinery Inc sells and services agricultural and construction equipment in the United States and Europe. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: Agriculture, Construction and International. The Agriculture segment which generates a majority of revenue distributes and sells machinery, equipment transportation, global positioning system signal subscriptions and finance products for farming operations. The Construction segment markets and trades heavy equipment for building purposes. The International segment rents out machinery and equipment for farming, construction and landscaping.