Terex Corp. (NYSE:TEX) will issue its quarterly earnings data after the market closes on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Terex Corp. (NYSE:TEX) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.61 billion. Terex Corp. had a net margin of 0.92% and a return on equity of 9.63%. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. On average, analysts expect Terex Corp. to post $0.96 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.
Shares of Terex Corp. (NYSE:TEX) opened at 25.14 on Friday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 50.89 and a beta of 2.93. Terex Corp. has a 12-month low of $13.62 and a 12-month high of $25.85. The firm has a 50-day moving average of $24.32 and a 200 day moving average of $23.24.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Thursday, November 10th will be given a $0.07 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.28 annualized dividend and a yield of 1.11%. Terex Corp.’s dividend payout ratio is presently 57.14%.
Several equities analysts have commented on TEX shares. BMO Capital Markets reissued a “hold” rating and issued a $24.00 price target on shares of Terex Corp. in a research report on Monday, August 29th. Morgan Stanley restated a “hold” rating and issued a $21.00 price objective on shares of Terex Corp. in a report on Friday, September 16th. Deutsche Bank AG raised their price objective on shares of Terex Corp. from $26.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday. Jefferies Group lowered shares of Terex Corp. from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a report on Tuesday, August 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Terex Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $24.50.
In other news, Director G Chris Andersen sold 20,000 shares of Terex Corp. stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $24.02, for a total value of $480,400.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Matthew Fearon sold 3,632 shares of Terex Corp. stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $24.69, for a total transaction of $89,674.08. Following the completion of the sale, the insider now directly owns 111,114 shares in the company, valued at approximately $2,743,404.66. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the stock. TIAA CREF Investment Management LLC increased its stake in shares of Terex Corp. by 105.3% in the second quarter. TIAA CREF Investment Management LLC now owns 3,191,643 shares of the company’s stock valued at $64,822,000 after buying an additional 1,636,964 shares during the last quarter. FMR LLC increased its stake in Terex Corp. by 33.3% in the second quarter. FMR LLC now owns 1,688,130 shares of the company’s stock worth $34,286,000 after buying an additional 422,130 shares in the last quarter. Teachers Advisors Inc. increased its stake in Terex Corp. by 26.3% in the second quarter. Teachers Advisors Inc. now owns 1,878,725 shares of the company’s stock worth $38,157,000 after buying an additional 391,013 shares in the last quarter. BlackRock Fund Advisors increased its stake in Terex Corp. by 5.5% in the second quarter. BlackRock Fund Advisors now owns 3,763,279 shares of the company’s stock worth $76,432,000 after buying an additional 197,763 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Terex Corp. by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,134,327 shares of the company’s stock worth $63,658,000 after buying an additional 73,134 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors and hedge funds.
About Terex Corp.
Terex Corporation is a lifting and material handling solutions company. The Company is focused on providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, mining, manufacturing, transportation, energy and utility industries.
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