Terex Corporation (NYSE:TEX) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings estimates for Terex Corporation in a report issued on Wednesday. Jefferies Group analyst S. Volkmann anticipates that the industrial products company will post earnings of $0.15 per share for the quarter. Jefferies Group also issued estimates for Terex Corporation’s FY2019 earnings at $2.70 EPS.
Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets restated a “hold” rating and set a $35.00 target price on shares of Terex Corporation in a research note on Thursday, July 20th. Wells Fargo & Company set a $52.00 target price on Terex Corporation and gave the stock a “buy” rating in a research note on Monday, October 16th. OTR Global cut Terex Corporation to a “positive” rating in a research note on Wednesday, September 13th. UBS AG set a $52.00 target price on Terex Corporation and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, Citigroup Inc. boosted their target price on Terex Corporation from $39.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.43.
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Shares of Terex Corporation (NYSE TEX) opened at $46.29 on Monday. The firm has a market capitalization of $3,882.06, a P/E ratio of 40.85, a P/E/G ratio of 3.19 and a beta of 1.89. Terex Corporation has a 52 week low of $22.43 and a 52 week high of $48.86. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.53 and a current ratio of 2.42.
Terex Corporation (NYSE:TEX) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.14. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Terex Corporation had a positive return on equity of 7.01% and a negative net margin of 2.62%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS.
Large investors have recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in shares of Terex Corporation by 19.5% in the second quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock valued at $142,000 after purchasing an additional 619 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Terex Corporation by 7.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,563 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 403 shares during the period. Clear Perspective Advisors LLC acquired a new position in shares of Terex Corporation in the second quarter valued at approximately $198,000. National Planning Corp acquired a new position in shares of Terex Corporation in the second quarter valued at approximately $209,000. Finally, CIBC World Markets Inc. acquired a new position in Terex Corporation during the second quarter worth $210,000. 97.69% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Eric I. Cohen sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the transaction, the vice president now owns 195,980 shares of the company’s stock, valued at $8,819,100. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David A. Sachs bought 3,000 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was bought at an average cost of $37.97 per share, for a total transaction of $113,910.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 3,881 shares of company stock worth $150,935 and have sold 83,679 shares worth $3,397,910. Insiders own 2.50% of the company’s stock.
Terex Corporation declared that its Board of Directors has authorized a share buyback program on Wednesday, September 6th that allows the company to buyback $225.00 million in outstanding shares. This buyback authorization allows the industrial products company to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.69%. The ex-dividend date is Wednesday, November 8th. Terex Corporation’s dividend payout ratio (DPR) is -37.21%.
Terex Corporation Company Profile
Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.
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