Terex Corp. (NYSE:TEX) is scheduled to announce its earnings results after the market closes on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Terex Corp. (NYSE:TEX) last posted its earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The company earned $1.30 billion during the quarter, compared to the consensus estimate of $1.61 billion. Terex Corp. had a net margin of 0.92% and a return on equity of 9.63%. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, analysts expect Terex Corp. to post $0.96 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.
Terex Corp. (NYSE:TEX) opened at 25.14 on Monday. Terex Corp. has a 12 month low of $13.62 and a 12 month high of $25.85. The firm has a 50 day moving average of $24.32 and a 200-day moving average of $23.24. The firm has a market cap of $2.73 billion, a P/E ratio of 50.89 and a beta of 2.93.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Thursday, November 10th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Tuesday, November 8th. Terex Corp.’s dividend payout ratio is presently 57.14%.
In other news, Director G Chris Andersen sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $24.02, for a total value of $480,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Fearon sold 3,632 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $24.69, for a total transaction of $89,674.08. Following the completion of the sale, the insider now owns 111,114 shares of the company’s stock, valued at approximately $2,743,404.66. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its stake in Terex Corp. by 5.7% in the second quarter. Ameritas Investment Partners Inc. now owns 17,266 shares of the company’s stock valued at $351,000 after buying an additional 930 shares during the period. Fiera Capital Corp boosted its stake in Terex Corp. by 1.1% in the second quarter. Fiera Capital Corp now owns 114,400 shares of the company’s stock valued at $2,323,000 after buying an additional 1,200 shares during the period. Thrivent Financial for Lutherans boosted its stake in Terex Corp. by 11.5% in the second quarter. Thrivent Financial for Lutherans now owns 15,610 shares of the company’s stock valued at $317,000 after buying an additional 1,610 shares during the period. BOKF NA boosted its stake in Terex Corp. by 97.1% in the second quarter. BOKF NA now owns 5,237 shares of the company’s stock valued at $107,000 after buying an additional 2,580 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in shares of Terex Corp. by 14.0% in the second quarter. Baird Financial Group Inc. now owns 23,403 shares of the company’s stock valued at $503,000 after buying an additional 2,881 shares during the period. Institutional investors own 81.01% of the company’s stock.
A number of equities research analysts have commented on TEX shares. Morgan Stanley reissued a “hold” rating and issued a $21.00 price objective on shares of Terex Corp. in a research report on Friday, September 16th. BMO Capital Markets reissued a “hold” rating and issued a $24.00 price objective on shares of Terex Corp. in a research report on Monday, August 29th. Zacks Investment Research downgraded shares of Terex Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 4th. Deutsche Bank AG increased their price objective on shares of Terex Corp. from $26.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, October 12th. Finally, Credit Agricole SA started coverage on shares of Terex Corp. in a research report on Friday, September 30th. They issued a “buy” rating and a $30.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.50.
About Terex Corp.
Terex Corporation is a lifting and material handling solutions company. The Company is focused on providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, mining, manufacturing, transportation, energy and utility industries.
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