Terex (TEX) to Release Quarterly Earnings on Thursday

Terex (NYSE:TEX) is scheduled to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Terex (NYSE:TEX) last released its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. Terex had a return on equity of 32.89% and a net margin of 10.06%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business posted $1.34 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts expect Terex to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Terex Trading Down 2.2 %

TEX opened at $60.71 on Thursday. Terex has a one year low of $42.50 and a one year high of $65.89. The company has a market cap of $4.09 billion, a P/E ratio of 8.00, a PEG ratio of 0.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 2.01. The business’s 50-day simple moving average is $59.74 and its 200-day simple moving average is $55.98.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.12%. Terex’s dividend payout ratio (DPR) is presently 8.96%.

Insider Activity at Terex

In related news, CEO John L. Garrison, Jr. sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total value of $3,214,000.00. Following the completion of the transaction, the chief executive officer now directly owns 315,483 shares in the company, valued at $20,279,247.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Terex news, insider Kieran Hegarty sold 18,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the completion of the sale, the insider now owns 198,619 shares of the company’s stock, valued at $11,281,559.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John L. Garrison, Jr. sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total value of $3,214,000.00. Following the sale, the chief executive officer now directly owns 315,483 shares of the company’s stock, valued at approximately $20,279,247.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,039 shares of company stock worth $8,078,574. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Terex

Several institutional investors and hedge funds have recently modified their holdings of TEX. Dark Forest Capital Management LP acquired a new position in shares of Terex in the first quarter worth about $28,000. Money Concepts Capital Corp acquired a new position in shares of Terex in the fourth quarter worth about $47,000. Quantbot Technologies LP acquired a new position in shares of Terex in the first quarter worth about $60,000. Fortis Capital Advisors LLC acquired a new position in shares of Terex in the first quarter worth about $79,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Terex by 42,750.0% in the first quarter. Meeder Asset Management Inc. now owns 1,714 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,710 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TEX. JPMorgan Chase & Co. cut Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research report on Monday, March 18th. Bank of America reiterated an “underperform” rating and issued a $57.00 target price on shares of Terex in a research note on Friday, January 19th. The Goldman Sachs Group lifted their target price on Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Truist Financial initiated coverage on Terex in a research note on Thursday, March 14th. They issued a “buy” rating and a $73.00 target price on the stock. Finally, Citigroup lifted their target price on Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Terex has a consensus rating of “Hold” and a consensus target price of $65.08.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.