Zacks: Brokerages Expect Terex (TEX) to Announce $0.36 EPS

Equities research analysts expect Terex (NYSE:TEX) to post $0.36 earnings per share for the current quarter, according to Zacks. Nine analysts have made estimates for Terex’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.25. Terex posted earnings of $0.05 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 620%. The business is scheduled to report its next earnings report on Tuesday, May 1st.

On average, analysts expect that Terex will report full-year earnings of $2.52 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.60. For the next year, analysts expect that the company will post earnings of $3.21 per share, with EPS estimates ranging from $2.55 to $3.50. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Terex.

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

Several research analysts have weighed in on TEX shares. Zacks Investment Research upgraded shares of Terex from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research report on Monday, February 19th. Deutsche Bank decreased their price target on shares of Terex from $49.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, February 15th. Robert W. Baird reiterated a “buy” rating and issued a $52.00 price target on shares of Terex in a research report on Thursday, December 21st. ValuEngine upgraded shares of Terex from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, TheStreet downgraded shares of Terex from a “b” rating to a “c” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.27.

In other Terex news, Director David A. Sachs acquired 6,500 shares of the company’s stock in a transaction on Friday, March 23rd. The stock was acquired at an average cost of $36.59 per share, with a total value of $237,835.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Matthew Fearon sold 30,306 shares of Terex stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $39.48, for a total transaction of $1,196,480.88. Following the completion of the transaction, the insider now directly owns 114,664 shares of the company’s stock, valued at $4,526,934.72. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 10,990 shares of company stock worth $409,423 and sold 49,411 shares worth $2,090,346. Insiders own 2.50% of the company’s stock.

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised 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 valued at $123,000 after buying an additional 2,028 shares during the last quarter. Landaas & Co. WI ADV grew its stake 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 worth $169,000 after purchasing an additional 3,013 shares during the period. Investors Research Corp acquired a new stake in shares of Terex during the fourth quarter worth $203,000. LPL Financial LLC acquired a new stake in shares of Terex during the fourth quarter worth $211,000. Finally, Pacer Advisors Inc. grew its stake 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 worth $200,000 after purchasing an additional 3,638 shares during the period. 97.80% of the stock is owned by institutional investors and hedge funds.

TEX stock traded down $1.35 on Tuesday, hitting $36.11. The company had a trading volume of 1,195,137 shares, compared to its average volume of 1,360,106. Terex has a 12-month low of $30.89 and a 12-month high of $50.17. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2,924.91, a P/E ratio of 25.98, a P/E/G ratio of 0.89 and a beta of 1.80.

The business also recently declared a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, March 9th were issued a $0.10 dividend. This is an increase from Terex’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, March 8th. Terex’s payout ratio is currently 29.63%.

Terex announced that its Board of Directors has initiated a share repurchase plan 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 purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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About Terex

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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