Terex Co. (NYSE:TEX) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Friday, November 8th will be paid a dividend of 0.11 per share by the industrial products company on Thursday, December 19th. This represents a $0.44 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, November 7th.
TEX stock traded down $0.02 during mid-day trading on Tuesday, reaching $29.74. The company had a trading volume of 4,597 shares, compared to its average volume of 1,117,226. The company has a quick ratio of 1.28, a current ratio of 2.21 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $2.04 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.26 and a beta of 1.77. Terex has a one year low of $22.84 and a one year high of $38.57. The stock’s 50-day simple moving average is $26.57 and its two-hundred day simple moving average is $28.28.
Terex (NYSE:TEX) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.11 billion. Terex had a negative net margin of 0.07% and a positive return on equity of 29.17%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. On average, research analysts forecast that Terex will post 3.49 EPS for the current fiscal year.
In other news, insider Matthew Fearon sold 26,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $28.24, for a total transaction of $734,240.00. Following the transaction, the insider now directly owns 92,702 shares of the company’s stock, valued at $2,617,904.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 1,651 shares of company stock worth $41,542 over the last three months. Corporate insiders own 4.00% of the company’s stock.
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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