Equities research analysts expect Terex (NYSE:TEX) to report $0.90 earnings per share for the current quarter, according to Zacks. Seven analysts have made estimates for Terex’s earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.85. Terex reported earnings per share of $0.51 during the same quarter last year, which suggests a positive year over year growth rate of 76.5%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that Terex will report full year earnings of $2.89 per share for the current financial year, with EPS estimates ranging from $2.83 to $2.95. For the next year, analysts expect that the company will post earnings of $3.66 per share, with EPS estimates ranging from $3.15 to $4.00. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Terex.
Terex (NYSE:TEX) last announced its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.19. Terex had a return on equity of 12.83% and a net margin of 3.98%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm posted $0.05 EPS. The company’s quarterly revenue was up 25.2% on a year-over-year basis.
Several brokerages have issued reports on TEX. TheStreet downgraded Terex from a “b” rating to a “c” rating in a report on Wednesday, February 14th. Credit Suisse Group cut their price target on Terex from $61.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Deutsche Bank cut their price target on Terex from $49.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, February 15th. Zacks Investment Research raised Terex from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a report on Monday, February 19th. Finally, Robert W. Baird cut Terex from an “outperform” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.57.
In related news, VP Mark I. Clair sold 11,737 shares of the firm’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $38.33, for a total value of $449,879.21. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steve Filipov sold 8,984 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $43.28, for a total value of $388,827.52. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 11,365 shares of company stock worth $419,688 and sold 51,027 shares worth $2,035,188. 3.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of 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 purchasing an additional 2,028 shares during the period. Landaas & Co. WI ADV increased its position in shares of Terex by 602.6% in the fourth quarter. Landaas & Co. WI ADV now owns 3,513 shares of the industrial products company’s stock worth $169,000 after purchasing an additional 3,013 shares during the period. Investors Research Corp bought a new position in shares of Terex in the fourth quarter worth $203,000. LPL Financial LLC bought a new position in shares of Terex in the fourth quarter worth $211,000. Finally, CAPROCK Group Inc. bought a new position in shares of Terex in the fourth quarter worth $226,000. Institutional investors own 94.19% of the company’s stock.
Terex traded up $0.87, hitting $41.33, during mid-day trading on Monday, Marketbeat reports. 1,128,916 shares of the company’s stock traded hands, compared to its average volume of 1,549,853. Terex has a fifty-two week low of $40.81 and a fifty-two week high of $41.65. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 0.69 and a beta of 1.83. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.26 and a quick ratio of 1.29.
Terex declared that its Board of Directors has approved a share buyback program on Wednesday, February 7th that authorizes the company to repurchase $325.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Friday, June 8th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, June 7th. Terex’s payout ratio is currently 29.63%.
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.
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