Terex (NYSE:TEX) Releases FY 2022 Earnings Guidance

Terex (NYSE:TEXGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $3.55-$4.05 for the period, compared to the consensus earnings per share estimate of $3.84. The company issued revenue guidance of -.

Terex stock opened at $33.52 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 2.00 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $36.15 and a 200-day simple moving average of $41.53. Terex has a 52-week low of $32.11 and a 52-week high of $55.60. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.51 and a beta of 1.51.

Terex (NYSE:TEXGet Rating) last issued its earnings results on Thursday, February 10th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.28. The company had revenue of $990.10 million during the quarter, compared to analysts’ expectations of $952.90 million. Terex had a return on equity of 21.36% and a net margin of 5.78%. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. On average, research analysts anticipate that Terex will post 3.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 21st. Shareholders of record on Wednesday, March 9th were issued a $0.13 dividend. This is a boost from Terex’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, March 8th. Terex’s dividend payout ratio is presently 15.85%.

Several brokerages have issued reports on TEX. Deutsche Bank Aktiengesellschaft dropped their target price on Terex from $65.00 to $61.00 in a report on Monday, May 2nd. The Goldman Sachs Group dropped their target price on Terex from $48.00 to $41.00 and set a neutral rating for the company in a report on Thursday, April 14th. Morgan Stanley lowered their price target on Terex from $53.00 to $48.00 and set an equal weight rating for the company in a report on Monday, April 18th. Robert W. Baird cut Terex from an outperform rating to a neutral rating and set a $44.00 price target for the company. in a report on Friday, April 8th. Finally, JPMorgan Chase & Co. lowered their price target on Terex from $61.00 to $57.00 and set an overweight rating for the company in a report on Monday, March 28th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Buy and a consensus price target of $53.92.

In other Terex news, VP Scott Posner sold 3,853 shares of the stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of $36.14, for a total value of $139,247.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.50% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers purchased a new position in shares of Terex in the 4th quarter valued at approximately $219,000. Janus Henderson Group PLC purchased a new stake in shares of Terex in the third quarter valued at approximately $248,000. LPL Financial LLC purchased a new stake in shares of Terex in the third quarter valued at approximately $489,000. Glenmede Trust Co. NA boosted its stake in shares of Terex by 41.0% in the fourth quarter. Glenmede Trust Co. NA now owns 19,569 shares of the industrial products company’s stock valued at $860,000 after buying an additional 5,690 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Terex by 47.5% during the fourth quarter. Advisors Asset Management Inc. now owns 20,985 shares of the industrial products company’s stock worth $922,000 after purchasing an additional 6,755 shares during the last quarter. 85.46% of the stock is currently owned by institutional investors.

Terex Company Profile (Get Rating)

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands.

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Earnings History and Estimates for Terex (NYSE:TEX)

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