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On September 5, 2013, Titan Machinery Inc. (Titan Machinery) reported its Q2 FY 2014 financial results (period ended July 31, 2013). The Company reported revenue growth of 19.0% YoY to $488.2 million. Gross profit for the quarter totaled $83.5 million, compared to $70.4 million in Q2 FY 2013, while net income attributable to common stockholders was $3.8 million compared to $5.2 million in Q2 FY 2013. David Meyer, Titan Machinery's Chairman and CEO, stated, "In the second quarter of fiscal 2014, we generated solid sales for our Agriculture segment. Our higher margin parts and service sales performed well during the quarter; however, they were partially offset by lower than expected equipment margins."
BEATEN DOWN LATELY DUE TO LOW GUIDANCE EVEN THOUGH GOOD EARNINGS. THE LOW GUIDANCE IS MORE A PRODUCT OF BEING A CONSERVATIVE MIDWESTERN COMPANY THAN ANYTHING. VERY LARGE FOOTPRINT IN THEIR SPACE AND LITTLE COMPETITION AT THIS LEVEL. EXPANDING INTO CONSTRUCTION EQUIPMENT IN ADDITION TO THE FARM EQUIPMENT OFFERS AN AVENUE FOR SIGNIFICANT REVENUE GROWTH.
Graham screen Validea . Sell at $30. Revenue growth, but where's the cash flow? http://www.gurufocus.com/stock/TITN
agriculture and construction demand equipment wordwide will constantly increase
Buy when others are fearful...
Weakness provides for an interesting entry point.
They blew their quarter, but are still above consensus on revenue. Margin pressure should be something they can manage, and improve.
Balance sheet looks good.
way over sold
The drought squeezed but did not wipe out their profits. They've adjusted their business mix for future growth; especially the increased emphasis on rentals is a good move. With the general uneasiness of the economy, specialized construction equipment as rental is likely to be an attractive alternative to the enormous capital investment required for outright purchase. They've used the declines in others' businesses to acquire some good locations. And the growth is pretty much across the board--the existing stores have not been neglected either.
Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States. It engages in the sale of new and used equipment; sale of parts; provision of repair and maintenance services; and rental of equipment. The company sells new agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from a various other manufacturers. It sells and services agricultural equipment, including application equipment and sprayers, combines and attachments, hay and forage equipment, planting and seeding equipment, precision farming technology, tillage equipment, and tractors for range of applications, such as farming, and home and garden applications. The company also sells and services construction equipment comprising articulated trucks, compact track loaders, compaction equipment, cranes, crawler dozers, excavators, forklifts, loader/backhoes, loader/tool carriers, motor graders, skid steer loaders, telehandlers, and wheel loaders primarily for heavy construction and light industrial machinery use. In addition, the company provides repair and maintenance services consisting of warranty repairs, on-site repair services, scheduling off-season maintenance services, as well as notifies customers of periodic service requirements; provides training programs to customers; and sells extended warranty services. As of August 01, 2011, its network consisted of 87 dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming, and Wisconsin. The company was founded in 1980 and headquartered in West Fargo, North Dakota.Titan Machinery had a blowout quarfter. Earnings came in at $0.84 vs $0.57 last year for a 47.4% gain. Revenue was 607mil vs 368 mil last year, up 65%. They beat earnings estimates by 58%.Titan is the #2 Ranked Company in the Retail/Wholesale Building Products Industry Group. ROE is 16%, Debt 16% and beats the 50 day, 100 day and 200 day Moving Day Average. Safety is Below Average and the Profit Margin is only 3.4%. TItan Machinery gets $$$ out of $$$$$. Moderate Buy. Check out their website at http://www.titanmachinery.com/
This company was destroyed by the market with its recent earnings report. The report was actually good. Knee Jerk reaction by market.
pe is 18. sells case and ih farm and commercial equipment
In the right place at the right time
Extremely Low Price for Sales
Coming a little late to this one but solid company with growing earnings. Will definitely outperform the market assuming the market rises.
This is one of my STARZ.Here is the thought process on this STAR: a) Divided rate over Zerob) 3 Year Beta between -5 & +3c) 15% + Insider ownershipd) No greater than -50% Growth rate for the last 3 years (tough last couple of years so good that insiders are still owning the stocks)e) Current CAPS rating between 3 Stars & 5 StarsOpen to all Industries and Sectors screened this down to just 250 stocks. I like round numbers. 12 of them I already own through other screening tools. I tend to be somewhat conservative but looking for 3 things at this point in my investing:1. Stability & Strength2. Yield and Modest Growth3. Strong Position within a sector regardless of whether the entire sector is strong or not. Each sector has to perform to some degree for the whole world economy to function. I am looking for 5 or more years down the road, ROI, and Growth. Not looking for rockets, just stars. This is a Star!!
Showed up on a screen for solid 5 year growth with low debt, cash on hand and still at attractive P/E ratios.
Very undervalued. On sale up to $20/Share
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