Zacks Research Forecasts Terex’s FY2028 Earnings (NYSE:TEX)

Terex Corporation (NYSE:TEX) – Zacks Research issued their FY2028 earnings estimates for shares of Terex in a note issued to investors on Wednesday, March 4th. Zacks Research analyst Team forecasts that the industrial products company will earn $6.22 per share for the year. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Terex’s current full-year earnings is $4.83 per share.

A number of other analysts have also commented on the stock. Wells Fargo & Company boosted their price target on shares of Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Wall Street Zen downgraded shares of Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Robert W. Baird set a $100.00 price target on Terex in a research note on Thursday, February 12th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $83.00 price objective on shares of Terex in a research note on Tuesday, February 17th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $71.60.

Terex Trading Down 2.0%

NYSE TEX opened at $65.83 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23. Terex has a 52 week low of $31.53 and a 52 week high of $71.50. The business has a 50 day moving average price of $62.14 and a 200-day moving average price of $54.66. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.36 and a beta of 1.62.

Terex (NYSE:TEX) last issued its earnings results on Wednesday, February 11th. The industrial products company reported $1.12 EPS for the quarter, meeting analysts’ consensus estimates of $1.12. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. Terex had a return on equity of 16.51% and a net margin of 4.08%.The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. Terex has set its FY 2026 guidance at 4.500-5.00 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of Terex by 68.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company’s stock valued at $32,909,000 after buying an additional 285,186 shares during the last quarter. Ballast Asset Management LP lifted its holdings in Terex by 57.0% during the third quarter. Ballast Asset Management LP now owns 85,795 shares of the industrial products company’s stock valued at $4,401,000 after purchasing an additional 31,145 shares during the last quarter. Retirement Systems of Alabama boosted its position in Terex by 48.4% during the third quarter. Retirement Systems of Alabama now owns 119,014 shares of the industrial products company’s stock worth $6,105,000 after purchasing an additional 38,836 shares during the period. SG Americas Securities LLC bought a new stake in shares of Terex in the second quarter valued at approximately $613,000. Finally, Minneapolis Portfolio Management Group LLC lifted its stake in shares of Terex by 42.6% during the 3rd quarter. Minneapolis Portfolio Management Group LLC now owns 647,289 shares of the industrial products company’s stock valued at $33,206,000 after buying an additional 193,260 shares in the last quarter. 92.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Terex

In related news, insider Kieran Hegarty sold 11,980 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total transaction of $829,495.20. Following the completion of the transaction, the insider owned 173,495 shares in the company, valued at approximately $12,012,793.80. This represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, March 6th. Terex’s payout ratio is presently 20.42%.

About Terex

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.