Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers. Its agricultural equipment includes machinery and attachments for use in the production of food, fiber, feed grain, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. The company's construction equipment comprises heavy construction machinery, light industrial machinery for commercial and residential construction, road and highway construction machinery, and energy and forestry operations equipment. It also sells maintenance and replacement parts. In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers. Further, it rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and CNH Industrial finance and insurance products. The company operates in Colorado, Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming, the United States; and Bulgaria, Germany, Romania, Serbia, and Ukraine, Europe. Titan Machinery Inc. was founded in 1980 and is headquartered in West Fargo, North Dakota.
IPO Year: 2007
Exchange: NASDAQ
Website: titanmachinery.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/20/2024 | Outperform → Market Perform | Northland Capital | |
| 8/15/2024 | $15.00 | Buy → Hold | Lake Street |
| 6/5/2024 | $32.00 → $20.00 | Buy → Neutral | B. Riley Securities |
| 7/25/2023 | $50.00 | Buy | Lake Street |
| 12/13/2022 | $48.00 | Buy | B. Riley Securities |
| 11/24/2021 | $35.00 → $40.00 | Buy | Craig-Hallum |
| 11/24/2021 | $37.00 → $41.00 | Outperform → Neutral | Robert W. Baird |
| 11/24/2021 | $37.00 → $41.00 | Outperform → Neutral | Baird |
WEST FARGO, N.D., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) announced today that it has elected Richard E. Lewis to its Board of Directors. Mr. Lewis' term on the Board of Directors will begin February 1, 2024. With the election of Mr. Lewis, the Board will consist of nine directors, including seven independent directors. "We are pleased that Richard has accepted the invitation to join our Board of Directors," said David Meyer, Titan Machinery's Board Chair and CEO. "Richard has enjoyed a distinguished business career in the agricultural and construction equipment industries, primarily in Australia. He has a proven record of leadership in sales, marketing, and
WEST FARGO, N.D., Sept. 30, 2022 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, today announced the appointment of Robert (Bo) Larsen as the Company's Chief Financial Officer and Treasurer, effective December 1, 2022. Mr. Larsen intends to join the Company on November 1, 2022. Mr. Larsen will succeed Mark Kalvoda, who will continue as the Company's Chief Financial Officer and Treasurer until the effective date of Mr. Larsen's appointment. To ensure a smooth and orderly transition, Mr. Kalvoda will remain as an employee of the Company in an advisory capacity through January 15, 2023. Mr. Larsen joins
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Northland Capital downgraded Titan Machinery from Outperform to Market Perform
Lake Street downgraded Titan Machinery from Buy to Hold and set a new price target of $15.00
B. Riley Securities downgraded Titan Machinery from Buy to Neutral and set a new price target of $20.00 from $32.00 previously
Lake Street initiated coverage of Titan Machinery with a rating of Buy and set a new price target of $50.00
B. Riley Securities initiated coverage of Titan Machinery with a rating of Buy and set a new price target of $48.00
Craig-Hallum reiterated coverage of Titan Machinery with a rating of Buy and set a new price target of $40.00 from $35.00 previously
Robert W. Baird downgraded Titan Machinery from Outperform to Neutral and set a new price target of $41.00 from $37.00 previously
Baird downgraded Titan Machinery from Outperform to Neutral and set a new price target of $41.00 from $37.00 previously
Stephens & Co. upgraded Titan Machinery from Equal-Weight to Overweight and set a new price target of $40.00
WEST FARGO, N.D., Nov. 12, 2024 (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, 2024, on Tuesday, November 26, 2024, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through December 10, 2024, by dialing (844) 512-2921 from
WEST FARGO, N.D., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter ended July 31, 2024. "As previously announced, our second quarter results reflect the challenging market conditions that are impacting farmer sentiment and agriculture equipment sales," commented Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "In response to these market dynamics, we have been executing on the strategies we outlined: actively managing our inventory levels with a focus on used equipment, imple
– Updates Fiscal 2025 Modeling Assumptions – – Company to Hold Conference Call to Discuss Fiscal Second Quarter Results on August 29, 2024 – WEST FARGO, N.D., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) (the "Company"), a leading network of full-service agricultural and construction equipment stores, today announced preliminary results for the fiscal second quarter ended July 31, 2024. "Lower commodity prices and sustained high interest rates, along with mixed growing conditions across our footprint, have negatively affected farmer sentiment resulting in lower agriculture equipment sales in our fiscal second quarter," commented Bryan Knutson, Titan Machinery's
WEST FARGO, N.D., May 23, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal first quarter ended April 30, 2024. "Our first quarter results reflected an industry-wide transition to a more challenging market environment, characterized by softening demand and excess supply of inventory in many product categories as OEM delivery timelines returned to normal and as new sales converted to used trade-ins," stated Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "Lower net farm income and the extended duratio
WEST FARGO, N.D., May 09, 2024 (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 first quarter ended April 30, 2024, on Thursday, May 23, 2024, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through June 6, 2024, by dialing (844) 512-2921 from the U.S.,
- Revenue for Fiscal 2024 increased 24.9% to a record $2.8 billion - - Record Fiscal 2024 EPS of $4.93, an increase of 9.8% - - Provides Fiscal 2025 Modeling Assumptions - WEST FARGO, N.D., March 21, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal fourth quarter and full year ended January 31, 2024. "We finished fiscal year 2024 with a strong performance that was driven by growth across all of our legacy operating segments and resulted in record revenue of $2.8 billion, consolidated pre-tax margin of 5.5%, and record earnings per share
WEST FARGO, N.D., March 13, 2024 (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 fourth quarter and full year ended January 31, 2024, on Thursday, March 21, 2024, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through April 4, 2024, by dialing (844) 512-
WEST FARGO, N.D., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) announced today that it has elected Richard E. Lewis to its Board of Directors. Mr. Lewis' term on the Board of Directors will begin February 1, 2024. With the election of Mr. Lewis, the Board will consist of nine directors, including seven independent directors. "We are pleased that Richard has accepted the invitation to join our Board of Directors," said David Meyer, Titan Machinery's Board Chair and CEO. "Richard has enjoyed a distinguished business career in the agricultural and construction equipment industries, primarily in Australia. He has a proven record of leadership in sales, marketing, and
WEST FARGO, N.D., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, today announced that it has acquired the assets of Scott Supply, Co. ("Scott Supply"), which consists of one full-line combined Case IH and New Holland Agriculture dealership located in Mitchell, SD. In the trailing twelve-month period ended December 31, 2023, Scott Supply generated revenue of approximately $40 million. The acquisition closed on January 10, 2024. David Meyer, Titan Machinery's Chairman and Chief Executive Officer, stated, "This acquisition is a perfect complement to our existing footprint in this highly p
WEST FARGO, N.D., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, today announced that management will be participating in a fireside chat at the 2024 ICR Conference. The conference will be held on January 8-10, 2024, in Orlando, FL. The Titan Machinery fireside chat is scheduled for Tuesday, January 9, 2024 at 9:30 am Eastern Time. There also will be a simultaneous, live audio webcast available on the Investor Relations section of the Company's web site at www.titanmachinery.com. The webcast will be archived for 30 days. About Titan Machinery Inc. Titan Machinery Inc., founded in 198
WEST FARGO, N.D., Nov. 12, 2024 (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, 2024, on Tuesday, November 26, 2024, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through December 10, 2024, by dialing (844) 512-2921 from
WEST FARGO, N.D., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter ended July 31, 2024. "As previously announced, our second quarter results reflect the challenging market conditions that are impacting farmer sentiment and agriculture equipment sales," commented Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "In response to these market dynamics, we have been executing on the strategies we outlined: actively managing our inventory levels with a focus on used equipment, imple
– Updates Fiscal 2025 Modeling Assumptions – – Company to Hold Conference Call to Discuss Fiscal Second Quarter Results on August 29, 2024 – WEST FARGO, N.D., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) (the "Company"), a leading network of full-service agricultural and construction equipment stores, today announced preliminary results for the fiscal second quarter ended July 31, 2024. "Lower commodity prices and sustained high interest rates, along with mixed growing conditions across our footprint, have negatively affected farmer sentiment resulting in lower agriculture equipment sales in our fiscal second quarter," commented Bryan Knutson, Titan Machinery's
WEST FARGO, N.D., May 23, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal first quarter ended April 30, 2024. "Our first quarter results reflected an industry-wide transition to a more challenging market environment, characterized by softening demand and excess supply of inventory in many product categories as OEM delivery timelines returned to normal and as new sales converted to used trade-ins," stated Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "Lower net farm income and the extended duratio
WEST FARGO, N.D., May 09, 2024 (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 first quarter ended April 30, 2024, on Thursday, May 23, 2024, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through June 6, 2024, by dialing (844) 512-2921 from the U.S.,
- Revenue for Fiscal 2024 increased 24.9% to a record $2.8 billion - - Record Fiscal 2024 EPS of $4.93, an increase of 9.8% - - Provides Fiscal 2025 Modeling Assumptions - WEST FARGO, N.D., March 21, 2024 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal fourth quarter and full year ended January 31, 2024. "We finished fiscal year 2024 with a strong performance that was driven by growth across all of our legacy operating segments and resulted in record revenue of $2.8 billion, consolidated pre-tax margin of 5.5%, and record earnings per share
WEST FARGO, N.D., March 13, 2024 (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 fourth quarter and full year ended January 31, 2024, on Thursday, March 21, 2024, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through April 4, 2024, by dialing (844) 512-
- Record Revenue for Third Quarter of Fiscal 2024 of $694.1 million, with EPS of $1.32 -- Closes Acquisition of J.J. O'Connor & Sons Pty. Ltd. in October 2023 -- Updates Fiscal 2024 Modeling Assumptions - WEST FARGO, N.D., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal third quarter ended October 31, 2023. David Meyer, Titan Machinery's Chairman and Chief Executive Officer, stated, "We accomplished a great deal this quarter, completing our acquisition of the Australia-based O'Connors group and solid
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). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0920. A telephone replay will be available approximately three hours after the call concludes and will be available through December 14, 2023, by dialing (844) 512-2921 from
- Revenue for Second Quarter of Fiscal 2024 Increased 29.4% to $642.6 million - - Second Quarter of Fiscal 2024 EPS Increased 25% to $1.38 - - Strategic Acquisition of J.J. O'Connor & Sons Pty. Ltd., Australia's Leading Case IH Dealership Group - - Updates Fiscal 2024 Modeling Assumptions for Construction and International Segments - WEST FARGO, N.D., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (NASDAQ:TITN) ("Titan" or the "Company), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter ended July 31, 2023. David Meyer, Titan Machinery's Chairman and Chief Executive Officer, stated
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The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Paycom Software Inc (NYSE:PAYC) On May 31, Paycom Software announced significant leadership changes. Randy Peck, a 20-year Pa
B. Riley Securities analyst Alex Rygiel downgrades Titan Machinery (NASDAQ:TITN) from Buy to Neutral and lowers the price target from $32 to $20.
Shares of Bank of Montreal (NYSE:BMO) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter financial results. Bank of Montreal posted quarterly adjusted earnings of C$2.59 per share, missing market estimates of C$2.77 per share. The company's quarterly sales came in at C$7.988 billion missing expectations of C$8.046 billion, according to data from Benzinga Pro. Bank of Montreal shares declined 7.1% to $89.32 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers ReShape Lifesciences Inc. (NASDAQ:RSLS) shares jumped 82.8% to $0.3799 a day after it received the nod from the U.S. Patent And Trademark O
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Craig-Hallum analyst Steve Dyer maintains Titan Machinery (NASDAQ:TITN) with a Buy and lowers the price target from $30 to $25.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Stifel boosted the price target for Deckers Outdoor Corporation (NYSE:DECK) from $775 to $825. Stifel analyst Jim Duffy maintained a Hold rating. Deckers Outdoor shares rose 1.3% to close at $904.65 on Thursday. See how other analysts view this stock. HC Wainwright & Co. cut the price target for Calliditas Therapeutics AB (NASDAQ:CALT) from $50 to $45. HC Wainwright & Co. analyst Arthur He maintained a Buy rating. Calliditas Therapeutics shares gained 7% to close at $22.75 on Thursday. See how othe
Baird analyst Mircea Dobre maintains Titan Machinery (NASDAQ:TITN) with a Neutral and lowers the price target from $24 to $18.
Gainers Pineapple Energy (NASDAQ:PEGY) shares increased by 75.4% to $0.26 during Thursday's regular session. The market value of their outstanding shares is at $25.2 million. Zoomcar Holdings (NASDAQ:ZCAR) stock moved upwards by 47.09% to $0.31. The market value of their outstanding shares is at $20.1 million. Nature's Miracle Holding (NASDAQ:NMHI) stock rose 25.48% to $0.74. The company's market cap stands at $19.6 million. Greenwave Tech Solns (NASDAQ:GWAV) stock moved upwards by 17.44% to $0.09. The company's market cap stands at $13.9 million. As per the news, the Q1 earnings report came out 3 days ago. iPower (NASDAQ:IPW) stock increased by 17.14% to $1.64. The market value of thei
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