Terex Co. (NYSE:TEX) – Stock analysts at KeyCorp increased their FY2020 EPS estimates for Terex in a research report issued on Tuesday, January 14th. KeyCorp analyst S. Barger now anticipates that the industrial products company will post earnings of $1.99 per share for the year, up from their prior estimate of $1.82.
Terex (NYSE:TEX) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.01). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.11 billion. Terex had a negative net margin of 0.07% and a positive return on equity of 29.17%. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share.
TEX has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered shares of Terex from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 31st. ValuEngine lowered shares of Terex from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. BMO Capital Markets set a $25.00 target price on shares of Terex and gave the stock a “hold” rating in a research report on Thursday, October 10th. Morgan Stanley set a $30.00 target price on shares of Terex and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus lowered shares of Terex from a “buy” rating to a “hold” rating and decreased their target price for the stock from $36.00 to $24.00 in a research report on Thursday, October 31st. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.20.
Shares of TEX stock traded up $0.05 during trading hours on Friday, hitting $28.33. The company’s stock had a trading volume of 2,852 shares, compared to its average volume of 399,312. The business has a fifty day moving average of $29.26 and a 200-day moving average of $27.93. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 1.89 and a beta of 1.77. Terex has a twelve month low of $22.84 and a twelve month high of $38.57. The company has a current ratio of 2.21, a quick ratio of 1.28 and a debt-to-equity ratio of 1.46.
In other Terex news, insider Kevin A. Barr sold 9,112 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $28.55, for a total transaction of $260,147.60. Following the transaction, the insider now owns 99,129 shares of the company’s stock, valued at $2,830,132.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Kevin A. Barr sold 4,939 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $30.11, for a total transaction of $148,713.29. Following the transaction, the senior vice president now directly owns 79,313 shares in the company, valued at approximately $2,388,114.43. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 1,044 shares of company stock worth $30,077 and have sold 50,051 shares worth $1,428,301. Company insiders own 4.00% of the company’s stock.
Large investors have recently bought and sold shares of the business. First Trust Advisors LP raised its stake in shares of Terex by 222.7% in the 1st quarter. First Trust Advisors LP now owns 67,715 shares of the industrial products company’s stock valued at $2,176,000 after acquiring an additional 46,730 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Terex by 46.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 459,275 shares of the industrial products company’s stock valued at $14,422,000 after acquiring an additional 146,378 shares during the period. LPL Financial LLC purchased a new position in shares of Terex in the 2nd quarter valued at $258,000. Northern Trust Corp raised its stake in shares of Terex by 5.3% in the 2nd quarter. Northern Trust Corp now owns 574,539 shares of the industrial products company’s stock valued at $18,041,000 after acquiring an additional 29,142 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Terex by 6.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 324,660 shares of the industrial products company’s stock valued at $10,194,000 after acquiring an additional 20,660 shares during the period. 88.95% of the stock is currently owned by institutional investors.
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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