Q3 Earnings Forecast for Terex Issued By KeyCorp (NYSE:TEX)

Terex Corporation (NYSE:TEX) – Equities research analysts at KeyCorp raised their Q3 2026 earnings per share (EPS) estimates for Terex in a research note issued to investors on Friday, July 31st. KeyCorp analyst S. Barger now anticipates that the industrial products company will post earnings of $1.37 per share for the quarter, up from their prior forecast of $1.33. The consensus estimate for Terex’s current full-year earnings is $4.95 per share. KeyCorp also issued estimates for Terex’s FY2026 earnings at $4.95 EPS, FY2027 earnings at $5.80 EPS and FY2028 earnings at $6.70 EPS.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the business earned $1.49 earnings per share. Terex’s revenue for the quarter was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS.

Other analysts have also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a report on Friday, July 17th. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research report on Monday, May 11th. JPMorgan Chase & Co. reduced their price objective on Terex from $80.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Finally, Zacks Research upgraded Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.91.

Terex Stock Performance

NYSE:TEX opened at $65.38 on Friday. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $65.84 and a 200-day moving average of $63.29. Terex has a twelve month low of $41.70 and a twelve month high of $74.69. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s dividend payout ratio (DPR) is 34.69%.

Institutional Investors Weigh In On Terex

Several hedge funds have recently made changes to their positions in TEX. EverSource Wealth Advisors LLC boosted its stake in Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares during the period. Strs Ohio purchased a new stake in shares of Terex in the first quarter valued at $30,000. Essential Partners LLC lifted its holdings in shares of Terex by 171.2% in the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 356 shares in the last quarter. Optiver Holding B.V. lifted its holdings in shares of Terex by 67.5% in the first quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 315 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of Terex in the first quarter worth $47,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Key Terex News

Here are the key news stories impacting Terex this week:

• Positive Sentiment: KeyCorp raised multiple Terex earnings forecasts. The firm increased its Q3 2026 EPS estimate to $1.37 from $1.33, FY2026 EPS to $4.95 from $4.84, FY2027 EPS to $5.80 from $5.33, and FY2028 EPS to $6.70 from $6.32. The upgrades suggest improving confidence in Terex’s earnings outlook and provide a potential catalyst for the stock.
• Positive Sentiment: Longer-term earnings expectations remain strong. KeyCorp projects quarterly EPS of $1.16, $1.52, $1.66 and $1.45 for Terex’s first through fourth quarters of 2027, respectively, followed by $1.36 and $1.75 for the first two quarters of 2028. These estimates indicate continued profitability and earnings momentum.
• Positive Sentiment: Barclays maintained its Buy rating on Terex. The unchanged bullish rating reinforces the positive analyst backdrop and indicates that Barclays continues to see upside potential in the industrial-equipment manufacturer. Barclays Sticks to Their Buy Rating for Terex

Terex Company Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.