Terex Co. (TEX) Expected to Post Earnings of $0.45 Per Share

Wall Street analysts predict that Terex Co. (NYSE:TEX) will post $0.45 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Terex’s earnings, with estimates ranging from $0.44 to $0.48. Terex posted earnings per share of $0.33 during the same quarter last year, which indicates a positive year over year growth rate of 36.4%. The business is expected to report its next earnings results on Tuesday, February 12th.

On average, analysts expect that Terex will report full year earnings of $2.65 per share for the current financial year, with EPS estimates ranging from $2.60 to $2.68. For the next financial year, analysts expect that the company will report earnings of $3.49 per share, with EPS estimates ranging from $3.10 to $3.86. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Terex.

Terex (NYSE:TEX) last posted its earnings results on Thursday, November 1st. The industrial products company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.07). Terex had a return on equity of 18.86% and a net margin of 2.42%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The company’s revenue was up 10.6% on a year-over-year basis.

A number of research firms recently weighed in on TEX. ValuEngine upgraded shares of Terex from a “strong sell” rating to a “sell” rating in a report on Wednesday. TheStreet lowered shares of Terex from a “b” rating to a “c+” rating in a research note on Friday, November 2nd. Deutsche Bank decreased their price objective on shares of Terex from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Monday, November 5th. Wells Fargo & Co decreased their price objective on shares of Terex from $45.00 to $34.00 and set a “hold” rating for the company in a research note on Monday, November 5th. Finally, Morgan Stanley decreased their price objective on shares of Terex from $46.00 to $42.00 and set a “hold” rating for the company in a research note on Monday, November 5th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Terex has an average rating of “Hold” and an average price target of $41.75.

Shares of TEX traded down $1.39 on Friday, reaching $30.39. The company’s stock had a trading volume of 2,270,363 shares, compared to its average volume of 1,789,311. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.22 and a quick ratio of 1.19. Terex has a twelve month low of $28.64 and a twelve month high of $50.17. The firm has a market capitalization of $2.39 billion, a PE ratio of 22.51, a P/E/G ratio of 0.61 and a beta of 1.61.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 9th will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.40 annualized dividend and a yield of 1.32%. Terex’s dividend payout ratio (DPR) is 29.63%.

In other news, insider Kevin A. Barr sold 11,937 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $38.43, for a total transaction of $458,738.91. Following the completion of the sale, the insider now owns 101,980 shares in the company, valued at approximately $3,919,091.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steve Filipov sold 6,929 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $38.85, for a total transaction of $269,191.65. The disclosure for this sale can be found here. In the last quarter, insiders acquired 973 shares of company stock valued at $37,603 and sold 38,866 shares valued at $1,514,531. Company insiders own 3.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Pzena Investment Management LLC boosted its holdings in Terex by 5.2% in the 2nd quarter. Pzena Investment Management LLC now owns 3,270,221 shares of the industrial products company’s stock worth $137,971,000 after buying an additional 161,905 shares during the period. Morgan Stanley boosted its holdings in Terex by 2.6% in the 2nd quarter. Morgan Stanley now owns 3,199,629 shares of the industrial products company’s stock worth $134,992,000 after buying an additional 80,932 shares during the period. Fisher Asset Management LLC boosted its holdings in Terex by 559.4% in the 3rd quarter. Fisher Asset Management LLC now owns 2,196,079 shares of the industrial products company’s stock worth $87,646,000 after buying an additional 1,863,038 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in Terex by 7.8% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,799,220 shares of the industrial products company’s stock worth $75,909,000 after buying an additional 129,613 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in Terex by 640.1% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,529,116 shares of the industrial products company’s stock worth $61,027,000 after buying an additional 1,322,504 shares during the period. Institutional investors own 98.74% of the company’s stock.

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 and Estimates for Terex (NYSE:TEX)

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