20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Titan Machinery Inc (NASDAQ:TITN) reported second-quarter FY22 sales growth of 24.4% year-on-year, to $377.63 million, beating the analyst consensus of $372.72 million.
- Equipment sales increased 34.5% Y/Y, and Parts sales rose 6.2%.
- Gross profit rose 19.6% Y/Y to $75 million, and the margin fell 80 basis points to 19.9%.
- Operating expenses climbed 7.5% Y/Y to $57.1 million.
- The operating margin was 4.4%, and operating income for the quarter rose 71.1% to $16.4 million.
- The company held $65.6 million in cash and equivalents as of July 31, 2021.
- Net cash provided by operating activities for the six months totaled $28.6 million.
- Adjusted EBITDA of $23.5 million rose 48.7% Y/Y.
- Adjusted EPS of $0.57 beat the analyst consensus of $0.44.
- Outlook: Titan Machinery raised FY22 EPS outlook to $2.00 - $2.20 (prior $1.65 - $1.85) versus the consensus of $1.85.
- The company noted supply chains remain tight.
- Price Action: TITN shares are trading lower by 1.96% at $29.34 on the last check Thursday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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