Brokers Offer Predictions for Terex's Q3 Earnings (NYSE:TEX)

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Terex to $1.36, up from $1.34; full-year 2026 EPS estimates from various forecasts range from $4.91 to $5.00, compared with company guidance of $4.70–$5.10.
• Terex’s latest quarter exceeded expectations, reporting $1.37 EPS versus the $1.23 consensus and $2.24 billion in revenue, up 50.5% year over year.
• Analyst sentiment is moderately bullish, with a consensus rating of “Moderate Buy” and a $78.91 average price target; shares recently traded at $58.35, while institutional investors own 92.88% of the stock.

Terex Corporation (NYSE:TEX - Free Report) - Stock analysts at Zacks Research boosted their Q3 2026 earnings per share (EPS) estimates for shares of Terex in a note issued to investors on Wednesday, September 23rd. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $1.36 for the quarter, up from their prior estimate of $1.34. The consensus estimate for Terex's current full-year earnings is $5.00 per share. Zacks Research also issued estimates for Terex's Q4 2026 earnings at $1.21 EPS, FY2026 earnings at $4.91 EPS, Q3 2027 earnings at $1.61 EPS, Q4 2027 earnings at $1.62 EPS, FY2027 earnings at $5.88 EPS, Q2 2028 earnings at $1.82 EPS and FY2028 earnings at $6.49 EPS.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.23 by $0.14. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The firm's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS.

TEX has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their target price on shares of Terex from $80.00 to $68.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. DA Davidson began coverage on shares of Terex in a report on Wednesday, June 24th. They issued a "strong-buy" rating and a $81.00 price target for the company. Wall Street Zen upgraded shares of Terex from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Weiss Ratings reissued a "hold (c)" rating on shares of Terex in a research report on Friday, July 17th. Finally, Citigroup raised their target price on Terex from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.91.

Terex Price Performance

Terex stock opened at $58.35 on Thursday. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 0.89 and a beta of 1.50. Terex has a 52-week low of $41.70 and a 52-week high of $74.69. The stock's 50 day moving average price is $63.96 and its two-hundred day moving average price is $62.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82.

Institutional Trading of Terex

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Terex in the second quarter valued at about $1,063,541,000. Dimensional Fund Advisors LP increased its stake in shares of Terex by 29.4% during the 1st 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 last quarter. Geode Capital Management LLC raised its holdings in shares of Terex by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company's stock worth $86,326,000 after purchasing an additional 6,707 shares during the period. Freestone Grove Partners LP bought a new stake in shares of Terex in the 2nd quarter worth approximately $116,558,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Terex by 11,448.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company's stock valued at $73,220,000 after purchasing an additional 1,228,196 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, August 11th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 11th. Terex's payout ratio is 34.69%.

About Terex

Terex Corporation NYSE: TEX is a global manufacturer of equipment used in construction, infrastructure development, utilities, quarrying, mining, recycling and other industrial applications. The company operates through two principal business segments: Aerial Work Platforms and Materials Processing.

Through its Genie brand, Terex produces aerial work platforms and related equipment, including boom lifts, scissor lifts, telehandlers and vertical mast lifts. Its Materials Processing segment supplies machinery used to crush, screen, wash, convey and process materials, along with equipment for recycling, wood processing and environmental applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.