$0.87 EPS Expected for Terex Co. (NYSE:TEX) This Quarter

Equities analysts expect Terex Co. (NYSE:TEX) to announce earnings of $0.87 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Terex’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.79. Terex reported earnings of $0.68 per share in the same quarter last year, which suggests a positive year over year growth rate of 27.9%. The company is expected to issue its next earnings report on Thursday, November 7th.

On average, analysts expect that Terex will report full year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.43 to $3.70. For the next fiscal year, analysts anticipate that the company will report earnings of $3.64 per share, with EPS estimates ranging from $3.20 to $4.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Terex.

Terex (NYSE:TEX) last issued its earnings results on Monday, July 29th. The industrial products company reported $1.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.13). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Terex had a net margin of 0.29% and a return on equity of 27.40%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS.

TEX has been the subject of a number of analyst reports. TheStreet lowered shares of Terex from a “b-” rating to a “c+” rating in a research report on Monday, August 26th. BMO Capital Markets decreased their price objective on shares of Terex to $30.00 and set a “market perform” rating for the company in a research note on Wednesday, July 31st. Evercore ISI restated an “in-line” rating and issued a $31.00 target price (down from $40.00) on shares of Terex in a research note on Friday, May 31st. UBS Group decreased their target price on shares of Terex from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Finally, ValuEngine raised shares of Terex from a “strong sell” rating to a “sell” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.33.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Terex by 22.7% during the 2nd quarter. BlackRock Inc. now owns 7,024,611 shares of the industrial products company’s stock worth $220,572,000 after buying an additional 1,301,760 shares during the period. Natixis bought a new stake in Terex in the 2nd quarter valued at approximately $2,195,000. Delphi Management Inc. MA lifted its stake in Terex by 5.2% in the 2nd quarter. Delphi Management Inc. MA now owns 37,820 shares of the industrial products company’s stock valued at $1,188,000 after acquiring an additional 1,881 shares in the last quarter. Prudential PLC raised its stake in shares of Terex by 0.5% during the 2nd quarter. Prudential PLC now owns 2,558,400 shares of the industrial products company’s stock worth $80,334,000 after purchasing an additional 11,700 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Terex by 23.6% during the 2nd quarter. Royal Bank of Canada now owns 63,276 shares of the industrial products company’s stock worth $1,986,000 after purchasing an additional 12,084 shares in the last quarter. 88.24% of the stock is owned by institutional investors and hedge funds.

TEX traded down $1.04 during midday trading on Thursday, reaching $26.21. 23,797 shares of the company’s stock were exchanged, compared to its average volume of 693,368. The business’s 50-day moving average price is $25.64 and its 200 day moving average price is $29.65. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.21 and a quick ratio of 1.43. The stock has a market capitalization of $1.95 billion, a PE ratio of 9.69, a P/E/G ratio of 0.90 and a beta of 1.77. Terex has a 1-year low of $22.91 and a 1-year high of $41.90.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Monday, August 12th were issued a dividend of $0.11 per share. The ex-dividend date was Friday, August 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. Terex’s payout ratio is presently 16.24%.

About Terex

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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Earnings History and Estimates for Terex (NYSE:TEX)

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