Revenue Update on Titan Machinery(NASDAQ:TITN)

Titan Machinery(NASDAQ:TITN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Apr 13, 2016. Company reported revenue of $335.47M. Analysts estimated a revenue of $291.93M. Earnings per share were $-1.31. Analysts had estimated an EPS of $-0.14.

In a different note, On Mar 4, 2016, Baird said it Upgrades its rating on Titan Machinery. The shares have been rated ‘Outperform’ by the firm.

Titan Machinery (TITN) shares turned negative on Fridays trading session with the shares closing down -0.13 points or -1.07% at a volume of 76,874. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.27. The peak price level was also seen at $12.27 while the days lowest was $11.75. Finally the shares closed at $12.02. The 52-week high of the shares is $16.9899 while the 52-week low is $7.87. According to the latest information available, the market cap of the company is $259 M.

Titan Machinery Inc. owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company has three segments: Agriculture Construction and International. Within its segments it engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services and equipment rental and other activities. It sells new agricultural and construction equipment manufactured under the CNH Industrial family of brands as well as equipment from a variety of other manufacturers. The used equipment it sells is primarily from inventory purchased through trade-ins from its customers and selective purchases. It sells parts and provide in-store and on-site repair and maintenance services. It also rents equipment and provides ancillary services such as equipment transportation global positioning system (GPS) signal subscriptions and finance and insurance products.

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