Terex (TEX) to Release Quarterly Earnings on Thursday

Terex (NYSE:TEX) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Terex to post earnings of $1.35 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

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

Terex Stock Performance

Shares of NYSE TEX opened at $61.00 on Wednesday. The stock’s fifty day simple moving average is $59.82 and its 200 day simple moving average is $56.18. The company has a quick ratio of 0.95, a current ratio of 2.01 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 0.60 and a beta of 1.64. Terex has a 52-week low of $42.50 and a 52-week high of $65.89.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a $0.17 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.11%. Terex’s payout ratio is 8.96%.

Insiders Place Their Bets

In related news, CEO John L. Garrison, Jr. sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the sale, the chief executive officer now owns 315,483 shares in the company, valued at $20,279,247.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO John L. Garrison, Jr. sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the transaction, the chief executive officer now directly owns 315,483 shares in the company, valued at $20,279,247.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joshua Gross sold 4,945 shares of Terex stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total transaction of $292,397.85. Following the completion of the transaction, the insider now directly owns 21,457 shares of the company’s stock, valued at approximately $1,268,752.41. The disclosure for this sale can be found here. Insiders sold a total of 132,039 shares of company stock valued at $8,078,574 in the last quarter. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TEX has been the subject of several analyst reports. Truist Financial assumed coverage on shares of Terex in a research note on Thursday, March 14th. They issued a “buy” rating and a $73.00 price objective for the company. JPMorgan Chase & Co. lowered Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research note on Monday, March 18th. Citigroup increased their price objective on shares of Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. UBS Group downgraded Terex from a “buy” rating to a “neutral” rating and raised their target price for the stock from $61.00 to $62.00 in a research report on Tuesday, February 13th. Finally, The Goldman Sachs Group boosted their price target on shares of Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Terex currently has an average rating of “Hold” and an average target price of $65.08.

About Terex

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.