Terex Co. to Post Q3 2024 Earnings of $1.90 Per Share, Zacks Research Forecasts (NYSE:TEX)

Terex Co. (NYSE:TEX - Free Report) - Equities research analysts at Zacks Research increased their Q3 2024 earnings per share (EPS) estimates for Terex in a research note issued on Thursday, April 18th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $1.90 per share for the quarter, up from their previous estimate of $1.89. The consensus estimate for Terex's current full-year earnings is $6.95 per share. Zacks Research also issued estimates for Terex's FY2024 earnings at $6.93 EPS, Q1 2025 earnings at $1.66 EPS, Q2 2025 earnings at $1.96 EPS, Q3 2025 earnings at $1.79 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $6.97 EPS, Q1 2026 earnings at $1.69 EPS and FY2026 earnings at $7.04 EPS.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share for the quarter, hitting the consensus estimate of $1.41. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Terex had a return on equity of 32.89% and a net margin of 10.06%. The company's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share.

TEX has been the topic of several other research reports. Evercore ISI dropped their price target on Terex from $65.00 to $63.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 20th. Citigroup lifted their price target on Terex from $54.00 to $63.00 and gave the company a "neutral" rating in a research note on Monday, February 12th. Truist Financial initiated coverage on Terex in a research note on Thursday, March 14th. They issued a "buy" rating and a $73.00 price target on the stock. The Goldman Sachs Group lifted their price target on Terex from $52.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, February 13th. Finally, Bank of America reissued an "underperform" rating and issued a $57.00 price target on shares of Terex in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $65.08.

Terex Trading Up 0.8 %

TEX stock traded up $0.50 during midday trading on Friday, hitting $60.27. 906,168 shares of the company's stock were exchanged, compared to its average volume of 708,965. The stock's fifty day moving average price is $59.68 and its 200-day moving average price is $56.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 2.01. The company has a market cap of $4.06 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 0.60 and a beta of 1.64. Terex has a one year low of $42.50 and a one year high of $65.89.

Institutional Investors Weigh In On Terex

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of Terex by 179.0% in the fourth quarter. Blue Trust Inc. now owns 466 shares of the industrial products company's stock valued at $27,000 after buying an additional 299 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Terex by 440.7% in the third quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company's stock valued at $28,000 after buying an additional 401 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Terex in the first quarter valued at approximately $28,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Terex in the fourth quarter valued at approximately $29,000. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of Terex in the third quarter valued at approximately $31,000. Institutional investors own 92.88% of the company's stock.

Insiders Place Their Bets

In other Terex news, insider Kieran Hegarty sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the transaction, the insider now owns 198,619 shares of the company's stock, valued at $11,281,559.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Joshua Gross sold 4,945 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The stock was 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 $1,268,752.41. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kieran Hegarty sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total value of $1,022,400.00. Following the sale, the insider now owns 198,619 shares of the company's stock, valued at approximately $11,281,559.20. 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 90 days. 1.90% of the stock is currently owned by insiders.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, March 7th. Terex's dividend payout ratio (DPR) is presently 8.96%.

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.