Insider Trading : Tue 9/19/23

Notable purchases -- CFO adds to IRWD; notable sales -- CEO and EVP active in BJ

Buyers:

• ENPH Director bought 32,600 shares at $122.36 - $123.18 worth more than $4 mln.
• IRWD SVP, Chief Financial Officer bought 36,072 shares at $8.31 - $8.33 worth ~$300K.
• JYNT 10% owner Bandera Partners bought another 77,436 shares at ~$8.94 - $9.50 worth ~$717K.
• SMTC Director bought 20,000 shares at $24.826 worth ~$497K.
• SOL Chairman / 10% owner bought 143,754 shares at $3.06 - $3.08 worth ~$441K.
• STEM Director bought 62,000 shares at $4.82 worth ~$299K.

Sellers:

• BJ President & CEO and EVP -Strategy & Development sold 37,243 shares at $70.00 - $71.15 worth ~$2.6 mln.
• CRVL Chairman sold 5,000 shares at $200.0159 worth ~$1.0 mln.
• TWI Director sold 20,000 shares at $12.40 - $12.55 worth ~$250K.

-=Titan Intl (TWI) reported earnings on Thur 7 March 19 (b/o)

Titan Intl misses by $0.16, misses on revs; guides FY19 revs below consensus

• Reports Q4 (Dec) loss of $0.21 per share, excluding non-recurring items, $0.16 worse than the S&P Capital IQ Consensus of ($0.05); revenues fell 3.4% year/year to $363.1 mln vs the $385.08 mln S&P Capital IQ Consensus.
• EBITDA was $10.8 million for the fourth quarter of 2018, compared to $10.2 million in the comparable prior year period.
• Co issues downside guidance for FY19, sees FY19 revs of +6-7% to approximately $1.7-1.71 bln vs. $1.71 bln S&P Capital IQ Consensus.
• "As we look to 2019, we believe that Titan is positioned for continued overall net sales growth in the range of 6 percent to 7.5 percent. Specifically, within our segments we anticipate net sales growing as follows: agricultural (4 - 6 percent), earthmoving/construction (8 - 9.5 percent) and consumer (2.5 - 4.5 percent). With the continued growth in revenue, we believe that gross margin will improve and finish the year within the range of 12.8 percent to 13.2 percent of net sales. We currently expect SGARD expenses of approximately $150 million. These targets are expected to yield EBITDA ranging from $124 million to $134 million excluding currency impacts. We currently foresee continued investments in capital expenditures of between $40 million to $50 million in 2019."

Earnings this week : March 4 - 8, 2019 (wk 10)

Earnings confirmed to report this week:

Monday (March 4)

• Morning: IPAR
• Afternoon: AFH CTRP HUYA NVGS CRM STRL YY

Tuesday (March 5)

• Morning: AFI BNED CIEN GMS GSKY JW.A KSS KFY SINA TGT TPB WB
• Afternoon: AVAV AMBA CDLX COO FATE NIO OOMA AGS PRMW NX QTT  ROST RYI SSW URBN VSLR WMC  

Wednesday (March 6)

• Morning:  ANF AMRC BZUN BJ BF/B CHS DLTR DCI INXN JILL THO
• Afternoon: ABM AEO ASRT BLDP BREW CBPO CMTL DSGX FTK GWRE HIIQ KIDS MYRG REVG WHD YEXT

Thursday (March 7)

• Morning:  BKS BURL CNQ CPG CRCM DESP FLY HOV HRB IGT IMOS KR MEI PLUG REZI SSYS SUP TECD TWI USPH
• Afternoon: AOBC CHUY COST CYRX EB ERII FIZZ  GSHD INSG LOCO MRVL NVEE OEC OKTA TTOO UPLD WTRH

Friday (March 8)

• Morning: ALLO  BIG DSKE MTN NAV

-=Titan International Inc. (TWI) reported earnings on Fri 3 Aug 2018 (b/o)

QUINCY, Ill. (AP) _ Titan International Inc. (TWI) on Friday reported second-quarter net income of $1 million, after reporting a loss in the same period a year earlier.

The Quincy, Illinois-based company said it had net income of 2 cents per share.

The wheel and tire supplier posted revenue of $428.9 million in the period.

Titan International shares have declined 21 percent since the beginning of the year. The stock has dropped 20 percent in the last 12 months.