Q3 2024 EPS Estimates for Terex Co. Raised by Analyst (NYSE:TEX)

Terex Co. (NYSE:TEX - Free Report) - Research analysts at Zacks Research boosted their Q3 2024 earnings estimates for shares of Terex in a note issued to investors on Thursday, May 16th. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings of $1.92 per share for the quarter, up from their previous estimate of $1.90. The consensus estimate for Terex's current full-year earnings is $7.10 per share. Zacks Research also issued estimates for Terex's Q4 2024 earnings at $1.52 EPS, FY2024 earnings at $7.07 EPS, Q3 2025 earnings at $1.80 EPS, Q1 2026 earnings at $1.74 EPS and FY2026 earnings at $7.07 EPS.

A number of other research analysts have also recently issued reports on the stock. Bank of America reaffirmed an "underperform" rating and issued a $57.00 target price on shares of Terex in a report on Friday, January 19th. The Goldman Sachs Group boosted their target price on Terex from $52.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 13th. Citigroup raised their price target on Terex from $54.00 to $63.00 and gave the company a "neutral" rating in a research report on Monday, February 12th. JPMorgan Chase & Co. lowered shares of Terex from an "overweight" rating to a "neutral" rating and set a $63.00 price objective on the stock. in a research report on Monday, March 18th. Finally, Truist Financial started coverage on shares of Terex in a report on Thursday, March 14th. They set a "buy" rating and a $73.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Terex presently has a consensus rating of "Hold" and a consensus price target of $65.17.

Terex Stock Performance

Shares of NYSE:TEX traded up $0.86 on Friday, reaching $61.19. The company's stock had a trading volume of 466,151 shares, compared to its average volume of 744,815. The stock's 50-day moving average is $61.23 and its two-hundred day moving average is $57.32. Terex has a 52-week low of $43.70 and a 52-week high of $65.89. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06. The stock has a market capitalization of $4.12 billion, a P/E ratio of 8.10 and a beta of 1.66.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.23. Terex had a net margin of 9.87% and a return on equity of 30.53%. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.23 billion.

Institutional Trading of Terex

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in Terex by 179.0% in the fourth quarter. Blue Trust Inc. now owns 466 shares of the industrial products company's stock worth $27,000 after purchasing an additional 299 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in Terex in the fourth quarter worth $29,000. Quantbot Technologies LP acquired a new stake in Terex in the third quarter worth $32,000. FinTrust Capital Advisors LLC raised its holdings in Terex by 202.2% in the first quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company's stock worth $45,000 after purchasing an additional 465 shares during the period. Finally, OLD Point Trust & Financial Services N A acquired a new stake in Terex in the fourth quarter worth $61,000. 92.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Joshua Gross sold 4,945 shares of the business's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total transaction of $292,397.85. Following the transaction, the insider now directly owns 21,457 shares in the company, valued at approximately $1,268,752.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO John L. Garrison, Jr. sold 59,094 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 380,834 shares of the company's stock, valued at $22,876,698.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joshua Gross sold 4,945 shares of the company's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $59.13, for a total transaction of $292,397.85. Following the sale, the insider now directly owns 21,457 shares in the company, valued at $1,268,752.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,229 shares of company stock worth $9,080,064. Corporate insiders own 1.90% of the company's stock.

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.