Zacks: Analysts Expect Terex Co. (TEX) Will Announce Earnings of $0.90 Per Share

Wall Street analysts predict that Terex Co. (NYSE:TEX) will post earnings of $0.90 per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Terex’s earnings. The lowest EPS estimate is $0.85 and the highest is $1.00. Terex posted earnings of $0.51 per share during the same quarter last year, which suggests a positive year over year growth rate of 76.5%. The business is expected to report its next quarterly earnings results on Tuesday, August 7th.

According to Zacks, analysts expect that Terex will report full year earnings of $2.90 per share for the current financial year, with EPS estimates ranging from $2.83 to $2.95. For the next fiscal year, analysts anticipate that the company will report earnings of $3.67 per share, with EPS estimates ranging from $3.15 to $4.00. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Terex.

Terex (NYSE:TEX) last posted its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.19. Terex had a net margin of 3.98% and a return on equity of 12.83%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the company posted $0.05 EPS. Terex’s revenue was up 25.2% on a year-over-year basis.

Several research firms recently weighed in on TEX. Goldman Sachs Group cut shares of Terex from a “neutral” rating to a “sell” rating in a research report on Wednesday. OTR Global lowered shares of Terex to a “positive” rating in a report on Tuesday, June 5th. Evercore ISI raised shares of Terex from an “in-line” rating to an “outperform” rating in a report on Monday, May 7th. Citigroup lowered their target price on shares of Terex from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, May 4th. Finally, Vertical Research raised shares of Terex from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Terex currently has a consensus rating of “Hold” and a consensus target price of $45.57.

In other news, Director David A. Sachs purchased 6,500 shares of the firm’s stock in a transaction dated Friday, March 23rd. The stock was bought at an average price of $36.59 per share, with a total value of $237,835.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian J. Henry sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $42.98, for a total transaction of $214,900.00. Following the completion of the transaction, the senior vice president now directly owns 330,157 shares of the company’s stock, valued at approximately $14,190,147.86. The disclosure for this sale can be found here. Insiders bought a total of 11,343 shares of company stock valued at $419,935 in the last three months. 3.50% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Terex by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 748,507 shares of the industrial products company’s stock valued at $36,093,000 after buying an additional 14,017 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of Terex in the 4th quarter valued at $763,000. Rhumbline Advisers grew its holdings in shares of Terex by 6.9% in the 4th quarter. Rhumbline Advisers now owns 274,414 shares of the industrial products company’s stock valued at $13,232,000 after buying an additional 17,747 shares during the period. Shellback Capital LP acquired a new position in shares of Terex in the 4th quarter valued at $4,043,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of Terex in the 4th quarter valued at $3,929,000. 98.62% of the stock is owned by institutional investors.

Terex traded down $1.56, hitting $40.18, during trading on Monday, Marketbeat reports. The company had a trading volume of 116,559 shares, compared to its average volume of 1,514,669. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.26 and a quick ratio of 1.29. Terex has a 12 month low of $34.21 and a 12 month high of $50.17. The stock has a market capitalization of $3.19 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 0.69 and a beta of 1.79.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Friday, June 8th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, June 7th. Terex’s dividend payout ratio (DPR) is 29.63%.

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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