Why Titan Machinery (TITN) Stock Is Lower Today

NEW YORK (TheStreet) -- Shares of Titan Machinery Inc. (TITN) are down by 4.26% to $12.60 in early afternoon trading on Tuesday, after the company reported a net loss for the fiscal 2015 second quarter of $0.6 million, or 3 cents per diluted share, compared to net income of $3.8 million, or 18 cents per diluted share for the year ago period.

The company, which owns and operates a network of agricultural and construction equipment stores in the U.S. and across Europe, posted a decline in revenue to $451 million for the most recent quarter, from $488.2 million for the fiscal 2014 second quarter.

Titan's adjusted net income was $0.8 million, or 4 cents per diluted share for the fiscal 2015 second quarter, compared to $3.8 million, or 18 cents per diluted share for the same quarter last year.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Analysts polled by Thomson Reuters expected the company to report earnings of 10 cents per share on revenue of $442.37 million for the latest quarter.

Separately, TheStreet Ratings team rates TITAN MACHINERY INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate TITAN MACHINERY INC (TITN) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."

You can view the full analysis from the report here: TITN Ratings Report

TITN Chart TITN data by YCharts

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