Latest news with #TITN
Reuters
17 hours ago
- Business
- Reuters
India's Titan to buy majority stake in Dubai's Damas at $283 million enterprise value
July 21 (Reuters) - Indian jeweller Titan Company ( opens new tab said on Monday it would acquire a 67% stake in Dubai-based luxury jewellery retailer Damas at an enterprise value of 1.04 billion UAE dirham ($283.2 million), as it expands its presence in the Middle East. (This story has been corrected to say Titan is buying Damas stake at 'enterprise value of $283 million,' not 'for $283 million,' in the headline and paragraph 1) ($1 = 3.6727 UAE dirham)
Reuters
07-07-2025
- Business
- Reuters
India's Titan says first-quarter domestic sales up 19%
July 7 (Reuters) - Jewellery and watchmaker Titan Company ( opens new tab said in a business update on Monday that its domestic business sales grew by 19% in the first quarter of fiscal 2026.
Yahoo
25-05-2025
- Business
- Yahoo
Earnings Update: Here's Why Analysts Just Lifted Their Titan Machinery Inc. (NASDAQ:TITN) Price Target To US$22.20
Titan Machinery Inc. (NASDAQ:TITN) just released its latest first-quarter results and things are looking bullish. The results were impressive, with revenues of US$594m exceeding analyst forecasts by 33%, and statutory losses of US$0.58 were likewise much smaller than the analysts had forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. Our free stock report includes 1 warning sign investors should be aware of before investing in Titan Machinery. Read for free now. Taking into account the latest results, the five analysts covering Titan Machinery provided consensus estimates of US$2.24b revenue in 2026, which would reflect an uneasy 16% decline over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 34% to US$1.75. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$2.19b and losses of US$1.80 per share in 2026. It looks like there's been a modest increase in sentiment in the recent updates, with the analysts becoming a bit more optimistic in their predictions for both revenues and losses per share. See our latest analysis for Titan Machinery The consensus price target rose 7.8% to US$22.20, with the analysts encouraged by the higher revenue and lower forecast losses for next year. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Titan Machinery analyst has a price target of US$25.00 per share, while the most pessimistic values it at US$18.00. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 21% by the end of 2026. This indicates a significant reduction from annual growth of 17% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 6.6% annually for the foreseeable future. It's pretty clear that Titan Machinery's revenues are expected to perform substantially worse than the wider industry. The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time. With that in mind, we wouldn't be too quick to come to a conclusion on Titan Machinery. Long-term earnings power is much more important than next year's profits. We have forecasts for Titan Machinery going out to 2028, and you can see them free on our platform here. And what about risks? Every company has them, and we've spotted 1 warning sign for Titan Machinery you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Business
- Yahoo
Earnings Update: Here's Why Analysts Just Lifted Their Titan Machinery Inc. (NASDAQ:TITN) Price Target To US$22.20
Titan Machinery Inc. (NASDAQ:TITN) just released its latest first-quarter results and things are looking bullish. The results were impressive, with revenues of US$594m exceeding analyst forecasts by 33%, and statutory losses of US$0.58 were likewise much smaller than the analysts had forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. Our free stock report includes 1 warning sign investors should be aware of before investing in Titan Machinery. Read for free now. Taking into account the latest results, the five analysts covering Titan Machinery provided consensus estimates of US$2.24b revenue in 2026, which would reflect an uneasy 16% decline over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 34% to US$1.75. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$2.19b and losses of US$1.80 per share in 2026. It looks like there's been a modest increase in sentiment in the recent updates, with the analysts becoming a bit more optimistic in their predictions for both revenues and losses per share. See our latest analysis for Titan Machinery The consensus price target rose 7.8% to US$22.20, with the analysts encouraged by the higher revenue and lower forecast losses for next year. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Titan Machinery analyst has a price target of US$25.00 per share, while the most pessimistic values it at US$18.00. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 21% by the end of 2026. This indicates a significant reduction from annual growth of 17% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 6.6% annually for the foreseeable future. It's pretty clear that Titan Machinery's revenues are expected to perform substantially worse than the wider industry. The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time. With that in mind, we wouldn't be too quick to come to a conclusion on Titan Machinery. Long-term earnings power is much more important than next year's profits. We have forecasts for Titan Machinery going out to 2028, and you can see them free on our platform here. And what about risks? Every company has them, and we've spotted 1 warning sign for Titan Machinery you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Titan Machinery Earnings Beat Estimates in Q1, Revenues Fall Y/Y
Titan Machinery Inc. TITN incurred a loss of 58 cents in first-quarter fiscal 2026 (ended April 30, 2025), which was narrower than the Zacks Consensus Estimate of a loss of 79 cents. The company posted earnings of 41 cents per share in the year-ago quarter. Total revenues were $594 million, down 5.5% from the year-ago quarter. The top line, however, surpassed the consensus mark of $463 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Equipment revenues fell 6.7% year over year to $437 million and parts revenues were down 2.4% to $106 million. Revenues generated from service were $44 million, down 2.4% from the year-ago quarter. Meanwhile, rental revenues were $7.9 million compared with $7.3 million in the year-ago quarter. Titan Machinery Inc. price-consensus-eps-surprise-chart | Titan Machinery Inc. Quote The cost of sales edged down 0.7% year over year to $503 million. Gross profit fell 25.4% year over year to $91 million. The gross margin was 15.3% compared with 19.4% in the year-ago quarter. Margins were down due to lower equipment margins, driven by high levels of inventory and weak expenses decreased 2.8% from the year-ago quarter to $96 million. Loss from operations was $5.7 million against the prior year's income of $22.6 million in the year-ago EBITDA was a negative $3.9 million against the prior year's adjusted EBITDA of $24 million. Agriculture revenues fell 14.1% from the last-year comparable quarter to $384 million. The downside was led by a decline in net farm income and a same-store sales decrease of 14.1%. The segment's loss before taxes was $13 million against income of $13 million in the year-ago revenues were $72 million, up 0.9% from the prior-year comparable quarter, driven by a same-store sales increase of 0.9%. The segment incurred a loss before taxes of $4 million against the year-ago quarter's income of $0.27 revenues were $94 million, up 44.2% from the year-ago quarter's $74 million. The segment reported income before taxes of $4.7 million, up from $1.4 million in the first quarter of fiscal Australia segment reported revenues of $44 million, down 1% year over year. It incurred a loss before taxes of $0.5 million in the first quarter of fiscal 2026, down 15.4% year over year. The cash outflow for operating activities was $6 million against an inflow of $32 million in the first quarter of fiscal 2025. Titan Machinery ended the fiscal first quarter with a cash balance of $21.5 million compared with $36 million at the end of fiscal 2025. The company's long-term debt was $154 million compared with $158 million as of the end of fiscal 2025. The agriculture segment's revenues are predicted to decline 20-25% in fiscal 2026. The Construction segment's revenues are expected to see a decline of 5-10%. Europe's revenues are expected to rise 23-28% compared with fiscal 2025. The Australia segment's revenues are expected to decline 20-25%.The company expects to report a loss of $1.25-$2.00 per share in fiscal 2026, reflecting weak demand. In the past year, shares of Titan Machinery have gained 7.9% compared with the industry's 11.6% increase. Image Source: Zacks Investment Research TITN currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Deere & Company DE reported second-quarter fiscal 2025 (ended April 27) earnings of $6.64 per share, beating the Zacks Consensus Estimate of $5.68. The bottom line decreased 22% from the prior-year quarter on lower shipment sales of equipment operations (comprising Agriculture, and Turf, Construction and Forestry) were $11.17 billion, down 17.9% year over year. However, net sales topped the Zacks Consensus Estimate of $10.65 billion. Total net sales (including financial services and others) were $12.76 billion, down 16% year over Corp. AGCO delivered adjusted earnings per share of 41 cents in first-quarter 2025 compared with the prior-year quarter's $2.32. The reported figure topped the Zacks Consensus Estimate of 3 cents. AGCO's net sales decreased 30% year over year to $2.05 billion in the March-end quarter. The top line beat the Zacks Consensus Estimate of $2.02 billion. Excluding the unfavorable currency-translation impacts of 2.4%, net sales fell 27.6% year over Industrial N.V. CNH reported first-quarter 2025 adjusted earnings per share of 10 cents, which declined from 33 cents in the prior-year quarter. The figure, however, surpassed the Zacks Consensus Estimate of earnings of 9 the first quarter, CNH Industrial's net sales declined nearly 21% from the year-ago level to $3.82 billion but topped the Zacks Consensus Estimate of $3.79 billion. The company's net sales from industrial activities were $3.17 billion, down 23% due to lower shipment volumes. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report CNH Industrial N.V. (CNH) : Free Stock Analysis Report Titan Machinery Inc. (TITN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
