Terex (NYSE:TEX) Updates FY 2025 Earnings Guidance

Key Points

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Terex (NYSE:TEX - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 4.700-5.100 for the period, compared to the consensus earnings per share estimate of 4.713. The company issued revenue guidance of $5.3 billion-$5.5 billion, compared to the consensus revenue estimate of $5.3 billion.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley reduced their target price on Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird raised Terex from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $48.00 to $66.00 in a report on Tuesday, May 13th. The Goldman Sachs Group raised Terex from a "neutral" rating to a "buy" rating and increased their target price for the stock from $45.00 to $60.00 in a report on Tuesday, May 27th. Evercore ISI increased their target price on Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Baird R W raised Terex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.44.

Terex Trading Up 0.9%

Shares of TEX stock traded up $0.46 during mid-day trading on Monday, reaching $49.42. 887,201 shares of the stock traded hands, compared to its average volume of 915,219. The stock's fifty day simple moving average is $48.25 and its two-hundred day simple moving average is $43.74. Terex has a 1-year low of $31.53 and a 1-year high of $58.66. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 4.82 and a beta of 1.62. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.05. Terex had a return on equity of 15.95% and a net margin of 3.46%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm posted $2.16 earnings per share. The business's revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts anticipate that Terex will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 11th. Terex's dividend payout ratio (DPR) is 25.37%.

Hedge Funds Weigh In On Terex

A number of hedge funds have recently made changes to their positions in TEX. Millennium Management LLC raised its position in shares of Terex by 1,086.3% during the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company's stock worth $9,674,000 after acquiring an additional 234,470 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company's stock worth $132,000 after acquiring an additional 2,841 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Terex by 3.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company's stock worth $41,263,000 after acquiring an additional 40,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Terex by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company's stock worth $7,375,000 after acquiring an additional 1,597 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Terex by 47.4% during the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company's stock worth $1,719,000 after acquiring an additional 14,629 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors.

About Terex

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.