Terex Co. (NYSE:TEX - Free Report) - Equities research analysts at Zacks Research raised their Q2 2024 earnings per share (EPS) estimates for Terex in a research note issued to investors on Wednesday, March 27th. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings of $2.14 per share for the quarter, up from their prior forecast of $2.12. The consensus estimate for Terex's current full-year earnings is $6.94 per share. Zacks Research also issued estimates for Terex's Q3 2024 earnings at $1.89 EPS, Q4 2024 earnings at $1.54 EPS, FY2024 earnings at $6.89 EPS, Q3 2025 earnings at $1.77 EPS, FY2025 earnings at $6.92 EPS and FY2026 earnings at $6.77 EPS.
Other analysts have also issued reports about the company. Truist Financial assumed coverage on Terex in a report on Thursday, March 14th. They set a "buy" rating and a $73.00 price objective for the company. Evercore ISI reduced 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. The Goldman Sachs Group lifted their target price on shares of Terex from $52.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. lowered shares of Terex from an "overweight" rating to a "neutral" rating and set a $63.00 price target on the stock. in a research note on Monday, March 18th. Finally, Citigroup increased their target price on shares of Terex from $54.00 to $63.00 and gave the stock a "neutral" rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $64.21.
View Our Latest Research Report on TEX
Terex Stock Down 0.2 %
Terex stock traded down $0.13 during mid-day trading on Thursday, hitting $64.39. The company's stock had a trading volume of 631,646 shares, compared to its average volume of 708,668. The company has a market cap of $4.31 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 0.62 and a beta of 1.62. Terex has a 52-week low of $41.89 and a 52-week high of $65.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.01 and a quick ratio of 0.95. The firm's 50 day moving average is $58.88 and its 200 day moving average is $55.37.
Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share for the quarter, hitting analysts' consensus estimates of $1.41. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.23 billion. Terex had a return on equity of 32.89% and a net margin of 10.06%. Terex's revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Terex by 2.3% during the second quarter. BlackRock Inc. now owns 9,052,238 shares of the industrial products company's stock worth $541,595,000 after acquiring an additional 205,591 shares during the period. Vanguard Group Inc. raised its stake in shares of Terex by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,767,160 shares of the industrial products company's stock valued at $276,978,000 after purchasing an additional 68,739 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Terex by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,766,649 shares of the industrial products company's stock valued at $98,664,000 after purchasing an additional 23,768 shares in the last quarter. FMR LLC boosted its position in shares of Terex by 3.9% during the third quarter. FMR LLC now owns 2,691,767 shares of the industrial products company's stock worth $155,100,000 after buying an additional 102,193 shares during the period. Finally, State Street Corp raised its position in Terex by 0.3% in the 2nd quarter. State Street Corp now owns 2,340,626 shares of the industrial products company's stock valued at $140,040,000 after buying an additional 6,357 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Terex
In related news, CEO John L. Garrison, Jr. sold 59,094 shares of the business's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $60.07, for a total transaction of $3,549,776.58. Following the transaction, the chief executive officer now directly owns 380,834 shares in the company, valued at $22,876,698.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO John L. Garrison, Jr. sold 59,094 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total value of $3,549,776.58. Following the transaction, the chief executive officer now directly owns 380,834 shares in the company, valued at $22,876,698.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joshua Gross sold 4,945 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total value of $292,397.85. Following the completion of the transaction, the insider now directly owns 21,457 shares in the company, valued at approximately $1,268,752.41. The disclosure for this sale can be found here. Insiders sold a total of 82,039 shares of company stock valued at $4,864,574 in the last ninety days. Company insiders own 2.40% of the company's stock.
Terex Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, March 7th. Terex's payout ratio is currently 8.96%.
About Terex
(
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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.
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