Terex (TEX) to Release Earnings on Thursday

Terex (NYSE:TEX) is scheduled to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Terex to post earnings of $1.35 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Terex (NYSE:TEX) last issued its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Terex had a return on equity of 32.89% and a net margin of 10.06%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. On average, analysts expect Terex to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Terex Stock Up 0.8 %

TEX stock opened at $60.73 on Tuesday. The business’s fifty day moving average price is $59.71 and its two-hundred day moving average price is $56.12. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.60 and a beta of 1.64. Terex has a fifty-two week low of $42.50 and a fifty-two week high of $65.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.01 and a quick ratio of 0.95.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, March 7th. Terex’s dividend payout ratio is 8.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Terex from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. lowered Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a research note on Monday, March 18th. UBS Group downgraded Terex from a “buy” rating to a “neutral” rating and upped their target price for the company from $61.00 to $62.00 in a research report on Tuesday, February 13th. Truist Financial began coverage on Terex in a research report on Thursday, March 14th. They issued a “buy” rating and a $73.00 price target on the stock. Finally, Bank of America reaffirmed an “underperform” rating and set a $57.00 price objective on shares of Terex in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $65.08.

Insider Activity

In related news, insider Kieran Hegarty sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the completion of the transaction, the insider now directly owns 198,619 shares in the company, valued at approximately $11,281,559.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO John L. Garrison, Jr. sold 59,094 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $60.07, for a total transaction of $3,549,776.58. Following the sale, the chief executive officer now owns 380,834 shares in the company, valued at approximately $22,876,698.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kieran Hegarty sold 18,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total value of $1,022,400.00. Following the completion of the transaction, the insider now owns 198,619 shares of the company’s stock, valued at $11,281,559.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,039 shares of company stock worth $8,078,574. Corporate insiders own 1.90% of the company’s stock.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.