Terex - TEX Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Terex in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TEX shares.
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12 equities research analysts have issued 12 month price targets for Terex's stock. Their TEX share price forecasts range from $33.00 to $67.00. On average, they expect the company's stock price to reach $46.25 in the next year. This suggests a possible upside of 56.4% from the stock's current price.
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Terex's stock was trading at $43.95 at the start of the year. Since then, TEX stock has decreased by 32.7% and is now trading at $29.58.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our TEX earnings forecast.

Terex Co. (NYSE:TEX) posted its earnings results on Tuesday, August, 2nd. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.20. The industrial products company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.07 billion. Terex had a trailing twelve-month return on equity of 21.46% and a net margin of 5.73%. During the same period in the prior year, the company earned $1.02 earnings per share.

Terex announced a quarterly dividend on Wednesday, July 13th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.13 per share on Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, August 11th.
Read our dividend analysis for TEX.

Terex (NYSE:TEX) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.74%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TEX will have a dividend payout ratio of 11.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TEX.

Terex issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of $3.80-$4.20 for the period, compared to the consensus earnings per share estimate of $3.73. The company issued revenue guidance of $4.10 billion-$4.30 billion, compared to the consensus revenue estimate of $4.23 billion.

99 employees have rated Terex Chief Executive Officer John L. Garrison, Jr on Glassdoor.com. John L. Garrison, Jr has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Terex investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), APA (APA), Aegean Marine Petroleum Network (ANW), Charles Schwab (SCHW), Micron Technology (MU), Accenture (ACN), Primo Water (PRMW), Zoetis (ZTS) and AutoZone (AZO).

Terex trades on the New York Stock Exchange (NYSE) under the ticker symbol "TEX."

Terex's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (6.42%), State Street Corp (3.22%), Goldman Sachs Group Inc. (2.17%), JPMorgan Chase & Co. (1.79%), William Blair Investment Management LLC (1.60%) and Northern Trust Corp (1.56%). Insiders that own company stock include Amy George, Andra Rush, Brian J Henry, David A Sachs, John D Sheehan, John D Sheehan, John L Garrison Jr, John L Garrison, Jr, Kevin A Barr, Kieran Hegarty, Matthew Fearon, Paula H Cholmondeley, Scott Posner, Simon Meester and Stephen Johnston.
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Shares of TEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TEX stock can currently be purchased for approximately $29.58.

Terex (NYSE:TEX) has a market capitalization of $2.01 billion and generates $3.89 billion in revenue each year. The industrial products company earns $220.90 million in net income (profit) each year or $3.31 on an earnings per share basis.

The company employs 8,600 workers across the globe.

Terex's mailing address is 200 NYALA FARM ROAD, WESTPORT CT, 06880. The official website for the company is www.terex.com. The industrial products company can be reached via phone at (203) 222-7170, via email at randy.wilson@terex.com, or via fax at 203-222-7976.