Zacks Research Issues Optimistic Estimate for Terex Earnings

Key Points

• Zacks Research raised its Q3 2028 EPS forecast for Terex to $1.73 from $1.71; full-year consensus EPS is $5.00.
• Analyst sentiment remains positive overall, with Terex holding a “Moderate Buy” consensus rating and an average price target of $78.91, despite JPMorgan’s recent target reduction and neutral rating.
• Terex recently beat quarterly expectations, reporting $1.37 EPS versus $1.23 forecast and $2.24 billion in revenue; institutional investors own approximately 92.88% of its shares.

Terex Corporation (NYSE:TEX - Free Report) - Stock analysts at Zacks Research raised their Q3 2028 earnings per share (EPS) estimates for Terex in a research note issued on Wednesday, September 23rd. Zacks Research analyst Team now anticipates that the industrial products company will earn $1.73 per share for the quarter, up from their previous forecast of $1.71. The consensus estimate for Terex's current full-year earnings is $5.00 per share.

Several other analysts also recently weighed in on the company. Truist Financial lifted their price objective on Terex from $92.00 to $96.00 and gave the company a "buy" rating in a report on Friday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a report on Friday, July 17th. Morgan Stanley reissued an "overweight" rating and set a $86.00 target price on shares of Terex in a research report on Monday, August 3rd. Citigroup boosted their price target on shares of Terex from $75.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Terex from $80.00 to $68.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. 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 company's stock. According to data from MarketBeat, Terex has a consensus rating of "Moderate Buy" and an average target price of $78.91.

Terex Price Performance

TEX opened at $54.91 on Friday. Terex has a 12-month low of $41.70 and a 12-month high of $74.69. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The business's fifty day simple moving average is $62.68 and its 200-day simple moving average is $62.72. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 0.80 and a beta of 1.47.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.23 by $0.14. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.Terex's quarterly revenue was up 50.5% on a year-over-year basis. During the same period last year, the business posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS.

Hedge Funds Weigh In On Terex

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Terex during the 2nd quarter worth approximately $1,063,541,000. Freestone Grove Partners LP purchased a new stake in Terex during the second quarter valued at approximately $116,558,000. Arrowstreet Capital Limited Partnership boosted 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 acquiring an additional 1,228,196 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Terex by 29.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company's stock valued at $262,527,000 after acquiring an additional 1,008,444 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Terex in the second quarter worth $68,204,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Company Profile

Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.

Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.

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