Zacks Research Weighs in on Terex’s Q1 Earnings (NYSE:TEX)

Terex Corporation (NYSE:TEX) – Analysts at Zacks Research increased their Q1 2028 earnings estimates for Terex in a report issued on Tuesday, June 23rd. Zacks Research analyst Team now expects that the industrial products company will post earnings of $1.33 per share for the quarter, up from their previous forecast of $1.32. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Terex’s current full-year earnings is $4.87 per share.

Terex (NYSE:TEX) last issued its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business posted $0.83 EPS. The business’s revenue was up 41.1% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.000 EPS.

Several other brokerages have also commented on TEX. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research report on Monday, May 11th. DA Davidson set a $81.00 price target on Terex in a research note on Tuesday. JPMorgan Chase & Co. dropped their price target on Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Morgan Stanley restated an “overweight” rating and set a $84.00 price target on shares of Terex in a report on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of Terex from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.82.

Terex Stock Down 1.1%

Shares of NYSE:TEX opened at $68.21 on Wednesday. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 1.07 and a beta of 1.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. The business’s 50-day moving average is $61.82 and its 200-day moving average is $60.53. Terex has a 1 year low of $41.70 and a 1 year high of $71.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in Terex in the third quarter worth approximately $121,724,000. Invesco Ltd. increased its holdings in shares of Terex by 801.3% during the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock valued at $82,283,000 after acquiring an additional 1,425,996 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Terex during the fourth quarter valued at approximately $69,802,000. Arrowstreet Capital Limited Partnership raised its position in shares of Terex by 11,448.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock worth $73,220,000 after purchasing an additional 1,228,196 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Terex by 29.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock worth $262,527,000 after purchasing an additional 1,008,444 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Terex

In other news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, the insider directly owned 48,706 shares in the company, valued at $2,996,880.18. This trade represents a 10.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, June 8th. Terex’s dividend payout ratio is 32.54%.

About Terex

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.