KeyCorp Weighs in on Terex's FY2026 Earnings (NYSE:TEX)

Key Points

• KeyCorp raised its FY2026 EPS estimate for Terex to $5.01 from $4.95, above the $4.92 analyst consensus. It forecasts EPS of $5.84 in 2027 and $6.88 in 2028, though it lowered some fourth-quarter estimates.
• Terex beat third-quarter expectations, reporting EPS of $1.50 versus $1.42 expected and revenue of $2.20 billion versus $2.16 billion. Revenue rose 58.4% year over year.
• Analyst sentiment remains generally positive: MarketBeat lists a “Moderate Buy” consensus rating and a $74.73 average price target.

Terex Corporation (NYSE:TEX - Free Report) - Research analysts at KeyCorp raised their FY2026 earnings per share (EPS) estimates for shares of Terex in a note issued to investors on Thursday, October 29th. KeyCorp analyst S. Barger now expects that the industrial products company will earn $5.01 per share for the year, up from their previous forecast of $4.95. The consensus estimate for Terex's current full-year earnings is $4.92 per share. KeyCorp also issued estimates for Terex's Q4 2026 earnings at $1.12 EPS, Q1 2027 earnings at $1.20 EPS, Q2 2027 earnings at $1.56 EPS, Q3 2027 earnings at $1.67 EPS, Q4 2027 earnings at $1.42 EPS, FY2027 earnings at $5.84 EPS, Q1 2028 earnings at $1.41 EPS, Q2 2028 earnings at $1.85 EPS, Q3 2028 earnings at $1.96 EPS and FY2028 earnings at $6.88 EPS.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.42 by $0.08. Terex had a return on equity of 11.79% and a net margin of 2.64%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business posted $1.50 EPS. The company's revenue for the quarter was up 58.4% on a year-over-year basis.

A number of other equities analysts have also issued reports on TEX. Barclays boosted their target price on shares of Terex from $65.00 to $70.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. Wells Fargo & Company reduced their price target on shares of Terex from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, October 26th. JPMorgan Chase & Co. decreased their price target on shares of Terex from $68.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, October 8th. Morgan Stanley dropped their price objective on shares of Terex from $86.00 to $84.00 and set an "overweight" rating on the stock in a report on Thursday, October 29th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Terex in a research report on Thursday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.73.

Terex Stock Up 0.1%

TEX opened at $57.60 on Thursday. Terex has a 1-year low of $41.70 and a 1-year high of $74.69. The company has a current ratio of 1.76, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 1.06 and a beta of 1.48. The business has a 50 day moving average of $56.71 and a 200-day moving average of $61.83.

Hedge Funds Weigh In On Terex

A number of hedge funds and other institutional investors have recently made changes to their positions in TEX. GAMMA Investing LLC boosted its position in Terex by 7.6% in the second quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company's stock valued at $166,000 after buying an additional 161 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Terex by 2.7% during the second quarter. QRG Capital Management Inc. now owns 7,847 shares of the industrial products company's stock worth $568,000 after purchasing an additional 208 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Terex by 0.7% during the second quarter. Arizona State Retirement System now owns 31,373 shares of the industrial products company's stock worth $2,271,000 after purchasing an additional 210 shares in the last quarter. Greenleaf Trust grew its stake in shares of Terex by 5.2% during the third quarter. Greenleaf Trust now owns 4,498 shares of the industrial products company's stock valued at $237,000 after purchasing an additional 224 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of Terex by 1.3% during the third quarter. Verdence Capital Advisors LLC now owns 20,720 shares of the industrial products company's stock valued at $1,090,000 after purchasing an additional 267 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 9th will be paid 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 is Monday, November 9th. Terex's dividend payout ratio is presently 34.34%.

Terex News Roundup

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Terex shares rallied after the company beat Q3 earnings and revenue expectations. The report also highlighted strong sales growth, robust bookings and backlog growth, healthy cash flow and encouraging 2026 guidance—all signals that may support expectations for continued business growth. Article: TEX Q3 Earnings Beat, Stock Up 15.7% on Strong Sales Growth
• Positive Sentiment: KeyCorp raised its annual EPS forecasts to $5.01 for 2026, $5.84 for 2027 and $6.88 for 2028, from $4.95, $5.80 and $6.70, respectively. It also increased several quarterly estimates, including Q2 and Q3 2028. The upgrades suggest the analyst sees improving earnings potential beyond the current year.
• Negative Sentiment: KeyCorp lowered its Q4 2026 EPS estimate to $1.12 from $1.19 and its Q4 2027 estimate to $1.42 from $1.45, tempering the otherwise upbeat revisions.

Terex Company Profile

Terex Corporation NYSE: TEX is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling and material processing. The company designs and produces machinery intended to help customers build, maintain and improve transportation networks, commercial sites, utility systems and industrial facilities.

Terex operates primarily through its Aerial Work Platforms and Materials Processing businesses. Its products include aerial lifts, telehandlers and other access equipment, as well as crushing, screening, conveying, washing, recycling and environmental-processing machinery.

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.