Wall Street analysts predict that Terex Co. (NYSE:TEX) will post $0.20 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Terex’s earnings, with estimates ranging from $0.14 to $0.26. Terex posted earnings per share of $0.51 during the same quarter last year, which indicates a negative year over year growth rate of 60.8%. The business is expected to report its next earnings results on Monday, February 24th.
On average, analysts expect that Terex will report full year earnings of $3.08 per share for the current financial year, with EPS estimates ranging from $3.01 to $3.14. For the next financial year, analysts expect that the company will report earnings of $2.25 per share, with EPS estimates ranging from $1.75 to $3.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Terex.
Terex (NYSE:TEX) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). Terex had a negative net margin of 0.07% and a positive return on equity of 29.17%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company’s quarterly revenue was down 6.8% compared to the same quarter last year.
A number of equities research analysts recently weighed in on TEX shares. Goldman Sachs Group upgraded shares of Terex from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $37.00 in a report on Friday, November 8th. Cfra downgraded shares of Terex from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. TheStreet downgraded shares of Terex from a “b-” rating to a “c+” rating in a research report on Monday, August 26th. Bank of America cut their target price on shares of Terex from $27.00 to $22.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 25th. Finally, Citigroup downgraded shares of Terex from a “neutral” rating to a “sell” rating and cut their target price for the company from $27.00 to $24.00 in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $30.21.
TEX traded up $0.18 on Wednesday, reaching $28.03. 973,597 shares of the company traded hands, compared to its average volume of 1,029,815. Terex has a one year low of $22.84 and a one year high of $38.57. The firm has a fifty day simple moving average of $28.31 and a two-hundred day simple moving average of $27.78. The company has a market cap of $2.00 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 1.39 and a beta of 1.77. The company has a quick ratio of 1.28, a current ratio of 2.21 and a debt-to-equity ratio of 1.46.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, November 7th. Terex’s payout ratio is currently 16.24%.
In other news, insider Matthew Fearon sold 26,000 shares of Terex stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $28.24, for a total value of $734,240.00. Following the transaction, the insider now owns 92,702 shares of the company’s stock, valued at approximately $2,617,904.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kevin A. Barr sold 9,112 shares of Terex stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $28.55, for a total transaction of $260,147.60. Following the completion of the transaction, the insider now directly owns 99,129 shares in the company, valued at approximately $2,830,132.95. The disclosure for this sale can be found here. In the last ninety days, insiders bought 2,070 shares of company stock worth $54,624 and sold 45,112 shares worth $1,279,588. 4.00% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its position in Terex by 22.7% during the 2nd quarter. BlackRock Inc. now owns 7,024,611 shares of the industrial products company’s stock worth $220,572,000 after purchasing an additional 1,301,760 shares during the last quarter. Pzena Investment Management LLC grew its position in Terex by 7.7% during the 2nd quarter. Pzena Investment Management LLC now owns 3,471,316 shares of the industrial products company’s stock worth $108,999,000 after purchasing an additional 248,600 shares during the last quarter. Nuveen Asset Management LLC grew its position in Terex by 21,369.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,886,579 shares of the industrial products company’s stock worth $90,638,000 after purchasing an additional 2,873,134 shares during the last quarter. Prudential PLC grew its position in Terex by 0.5% during the 2nd quarter. Prudential PLC now owns 2,558,400 shares of the industrial products company’s stock worth $80,334,000 after purchasing an additional 11,700 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in Terex by 23.7% during the 3rd quarter. Fisher Asset Management LLC now owns 2,506,796 shares of the industrial products company’s stock worth $65,101,000 after purchasing an additional 481,032 shares during the last quarter. 88.57% of the stock is currently owned by hedge funds and other institutional investors.
Terex Company Profile
Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.
Recommended Story: Marijuana Stocks Future Looks Bright
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.