Terex (NYSE:TEX) posted its quarterly earnings results on Thursday. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.60) by $0.55, MarketWatch Earnings reports. The business had revenue of $690.50 million for the quarter, compared to analyst estimates of $629.80 million. Terex had a net margin of 0.34% and a return on equity of 6.58%.
TEX stock opened at $18.85 on Friday. The company has a fifty day moving average price of $18.86 and a 200-day moving average price of $18.86. The company has a market capitalization of $1.31 billion, a P/E ratio of 117.81 and a beta of 1.62. Terex has a 52-week low of $11.54 and a 52-week high of $32.84. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.47 and a current ratio of 2.53.
Several analysts recently issued reports on TEX shares. Goldman Sachs Group lowered shares of Terex from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $21.00 to $19.00 in a research report on Monday, April 20th. ValuEngine upgraded shares of Terex from a “sell” rating to a “hold” rating in a research report on Friday, May 29th. Morgan Stanley reduced their price target on shares of Terex from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Monday, May 4th. UBS Group reduced their price target on shares of Terex from $28.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Finally, Citigroup increased their price target on shares of Terex from $14.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. Terex currently has a consensus rating of “Hold” and a consensus target price of $22.40.
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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