FY2018 EPS Estimates for Terex Co. Decreased by Analyst (TEX)

Terex Co. (NYSE:TEX) – William Blair cut their FY2018 EPS estimates for shares of Terex in a research report issued on Wednesday. William Blair analyst L. De. Maria now forecasts that the industrial products company will post earnings of $2.55 per share for the year, down from their previous estimate of $2.62.

Terex (NYSE:TEX) last released its earnings results on Wednesday, February 14th. The industrial products company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $999.18 million. Terex had a return on equity of 8.80% and a net margin of 2.95%.

Other equities analysts have also recently issued reports about the company. Robert W. Baird restated a “buy” rating and set a $52.00 price objective on shares of Terex in a research note on Thursday, December 21st. TheStreet cut Terex from a “b” rating to a “c” rating in a research note on Wednesday, February 14th. Barclays started coverage on Terex in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $50.00 price objective on the stock. KeyCorp restated a “hold” rating on shares of Terex in a research note on Wednesday, November 1st. Finally, Zacks Investment Research cut Terex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Terex currently has a consensus rating of “Buy” and a consensus target price of $46.00.

Shares of Terex (NYSE TEX) traded up $1.02 on Monday, reaching $43.26. The company had a trading volume of 508,844 shares, compared to its average volume of 1,308,424. Terex has a 52-week low of $28.67 and a 52-week high of $50.17. The company has a market capitalization of $3,323.43, a PE ratio of 31.29, a PEG ratio of 0.99 and a beta of 1.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.30 and a quick ratio of 1.53.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be given a $0.10 dividend. The ex-dividend date is Thursday, March 8th. This is a positive change from Terex’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.92%. Terex’s dividend payout ratio (DPR) is currently 23.70%.

Terex declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 7th that allows the company to buyback $325.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

In other Terex news, VP Eric I. Cohen sold 10,121 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $49.90, for a total value of $505,037.90. Following the sale, the vice president now directly owns 185,897 shares of the company’s stock, valued at $9,276,260.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 987 shares of company stock worth $44,638 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in Terex by 388.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,550 shares of the industrial products company’s stock worth $123,000 after buying an additional 2,028 shares during the period. Landaas & Co. WI ADV increased its holdings in shares of Terex by 602.6% during the fourth quarter. Landaas & Co. WI ADV now owns 3,513 shares of the industrial products company’s stock valued at $169,000 after purchasing an additional 3,013 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Terex by 450.2% during the third quarter. Pacer Advisors Inc. now owns 4,446 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 3,638 shares during the period. Investors Research Corp acquired a new position in shares of Terex during the fourth quarter valued at $203,000. Finally, Invictus RG increased its holdings in shares of Terex by 95.4% during the third quarter. Invictus RG now owns 4,618 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 2,255 shares during the period. 94.09% of the stock is currently owned by hedge funds and other institutional investors.

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Terex Company Profile

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

Earnings History and Estimates for Terex (NYSE:TEX)

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