Terex Co. (TEX) updated its FY13 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.40-2.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.66. The company issued revenue guidance of $7.9-8.3 billion, compared to the consensus revenue estimate of $7.80 billion.
Several analysts have also recently commented on the stock. Analysts at Bank of America upgraded shares of Terex from an underperform rating to a neutral rating in a research note to investors on Monday, January 28th. They now have a $34.00 price target on the stock, up previously from $22.00. On a related note, analysts at Zacks reiterated a neutral rating on shares of Terex in a research note to investors on Friday, January 18th. They now have a $31.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Terex from $27.00 to $32.00 in a research note to investors on Friday, January 11th. They now have an equal weight rating on the stock.
Terex Co. (TEX) traded down 0.03% on Tuesday, hitting $34.91. Terex Co. (TEX) has a 52-week low of $14.05 and a 52-week high of $35.76. The stock’s 50-day moving average is currently $31.00. The company has a market cap of $3.858 billion and a price-to-earnings ratio of 28.58.
Terex last issued its quarterly earnings data on Tuesday, February 19th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.21. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was down 13.3% on a year-over-year basis. Terex has set its FY13 guidance at $2.40-2.70 EPS. On average, analysts predict that Terex Co. (TEX) will post $2.03 earnings per share for the current fiscal year.
Terex Corporation (Terex) is a global equipment manufacturer of a range of products. It focuses on delivering a range of commercial solutions for a range of commercial applications, including the construction, infrastructure, quarrying, shipping, transportation, power and energy industries.
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