Terex (TEX) to Release Quarterly Earnings on Thursday

Terex (NYSE:TEX) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Individual interested in registering for 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Terex had a return on equity of 32.89% and a net margin of 10.06%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned $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 %

Shares of Terex stock opened at $60.73 on Tuesday. Terex has a 12-month low of $42.50 and a 12-month high of $65.89. The company has a quick ratio of 0.95, a current ratio of 2.01 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $59.71 and a two-hundred day moving average price of $56.12. The stock has a market capitalization of $4.09 billion, a P/E ratio of 8.00, a PEG ratio of 0.60 and a beta of 1.64.

Terex Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TEX shares. The Goldman Sachs Group boosted 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. UBS Group downgraded Terex from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $61.00 to $62.00 in a research report on Tuesday, February 13th. Evercore ISI cut their price target on Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Bank of America restated an “underperform” rating and issued a $57.00 price objective on shares of Terex in a research note on Friday, January 19th. Finally, Truist Financial began coverage on shares of Terex in a research note on Thursday, March 14th. They set a “buy” rating and a $73.00 target price for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $65.08.

Insider Activity at Terex

In other Terex news, CEO John L. Garrison, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the completion of the transaction, the chief executive officer now owns 315,483 shares in the company, valued at $20,279,247.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Terex news, CEO John L. Garrison, Jr. sold 50,000 shares of Terex stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the completion of the transaction, the chief executive officer now directly owns 315,483 shares of the company’s stock, valued at $20,279,247.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joshua Gross sold 4,945 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total transaction of $292,397.85. Following the completion of the sale, the insider now owns 21,457 shares in the company, valued at approximately $1,268,752.41. The disclosure for this sale can be found here. Insiders have sold a total of 132,039 shares of company stock valued at $8,078,574 over the last quarter. 1.90% of the stock is owned by company insiders.

Terex Company Profile

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.