Terex (NYSE:TEX) Releases Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Terex (NYSE:TEX) announced its quarterly earnings results on Thursday. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.17, RTT News reports. The company had revenue of $885.00 million during the quarter, compared to the consensus estimate of $894.66 million. Terex had a negative net margin of 0.07% and a positive return on equity of 29.17%. During the same period in the prior year, the business earned $0.51 earnings per share. Terex updated its FY 2020
After-Hours guidance to 1.85-2.35 EPS.

Shares of Terex stock traded down $1.23 during trading on Friday, hitting $25.61. The company’s stock had a trading volume of 74,702 shares, compared to its average volume of 515,250. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.21 and a quick ratio of 1.28. Terex has a 52 week low of $22.84 and a 52 week high of $38.57. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -853.72, a price-to-earnings-growth ratio of 1.77 and a beta of 1.71. The stock has a 50-day moving average price of $27.57 and a two-hundred day moving average price of $27.37.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be paid a $0.12 dividend. This is a boost from Terex’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.87%. Terex’s payout ratio is currently 16.24%.

In related news, insider Kevin A. Barr sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $28.52, for a total value of $285,200.00. Also, SVP Kevin A. Barr sold 4,939 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $30.11, for a total transaction of $148,713.29. Following the completion of the sale, the senior vice president now directly owns 79,313 shares in the company, valued at approximately $2,388,114.43. The disclosure for this sale can be found here. In the last three months, insiders purchased 518 shares of company stock worth $14,455. 4.00% of the stock is currently owned by insiders.

Several research analysts have recently issued reports on the stock. Stifel Nicolaus downgraded shares of Terex from a “buy” rating to a “hold” rating and lowered their price target for the stock from $36.00 to $24.00 in a report on Thursday, October 31st. Zacks Investment Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating and set a $32.00 price target for the company in a report on Thursday, January 2nd. Morgan Stanley set a $30.00 price target on shares of Terex and gave the stock a “hold” rating in a report on Friday, November 1st. Robert W. Baird upgraded shares of Terex from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $29.00 to $44.00 in a report on Monday, November 11th. Finally, Goldman Sachs Group upgraded shares of Terex from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.00 to $37.00 in a report on Friday, November 8th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.20.

Terex Company Profile

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 for Terex (NYSE:TEX)

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