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Investing.com - Bernstein SocGen Group has reiterated its Market Perform rating and $15.00 price target on Titan America (NYSE:TTAM) following the company’s second-quarter earnings report. According to InvestingPro data, the stock currently trades at a P/E ratio of 14.4x, with analysts’ targets ranging from $13.50 to $18.00.
Titan America reported second-quarter earnings per share of $0.28, slightly below analyst expectations of $0.30. Revenue came in at $429.2 million, representing a 2% decrease compared to Street estimates of $437 million. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 2.3x and an impressive Altman Z-Score of 7.0, indicating solid financial stability.
The company’s performance was negatively affected by a maintenance outage at its Pennsuco plant, which created a more challenging year-over-year comparison. Weather conditions also posed significant challenges during the quarter, eliminating up to 20% of all working days, following a first quarter that lost a third of all working days.
Residential demand, which accounts for approximately 40% of Titan America’s revenues, continues to show weakness according to the Bernstein analysis.
Management has reiterated its full-year guidance, which analysts interpret as a sign of confidence in the company’s order book and relatively easier comparisons expected in the second half of the year.
In other recent news, Titan America’s first-quarter earnings per share (EPS) were reported at $0.19, slightly below the consensus estimate of $0.20. However, the company’s revenue for the quarter reached $79.8 million, surpassing analysts’ expectations of $77.6 million. This period was notably impacted by adverse weather conditions in Massachusetts and weaker residential demand in Florida, affecting Titan America’s operations. Stifel downgraded Titan America from Buy to Hold, citing a decline in cement import volumes and regional market weaknesses. The firm’s analysis showed a significant drop in imported cement volume in the first half of 2025. Additionally, BofA Securities downgraded Titan America to Underperform due to concerns about the housing market, despite a notable rise in the company’s stock since July. Bernstein analysts maintained a Market Perform rating with a $15 price target, reflecting a steady outlook on Titan America’s performance. These developments provide insight into the challenges and expectations facing Titan America.
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