Terex (TEX) to Release Quarterly Earnings on Thursday

Terex (NYSE:TEX) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

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

Terex Price Performance

Shares of NYSE:TEX opened at $60.71 on Thursday. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.01 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $59.74 and a 200 day simple moving average of $55.98. Terex has a one year low of $42.50 and a one year high of $65.89.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, March 7th. Terex’s payout ratio is currently 8.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Truist Financial assumed coverage on shares of Terex in a research note on Thursday, March 14th. They set a “buy” rating and a $73.00 price target for the company. The Goldman Sachs Group increased their price objective on shares of Terex from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Bank of America reiterated an “underperform” rating and set a $57.00 price objective on shares of Terex in a research report on Friday, January 19th. UBS Group cut shares of Terex from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $61.00 to $62.00 in a research report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. cut shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $65.08.

Insider Transactions at Terex

In other news, CEO John L. Garrison, Jr. sold 50,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 315,483 shares of the company’s stock, valued at $20,279,247.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO John L. Garrison, Jr. sold 50,000 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kieran Hegarty sold 18,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the transaction, the insider now owns 198,619 shares in the company, valued at $11,281,559.20. 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 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC purchased a new stake in shares of Terex during the 4th quarter valued at approximately $211,000. First Republic Investment Management Inc. purchased a new stake in shares of Terex during the 4th quarter valued at approximately $210,000. Acadian Asset Management LLC lifted its stake in shares of Terex by 42.6% during the 1st quarter. Acadian Asset Management LLC now owns 4,984 shares of the industrial products company’s stock valued at $177,000 after buying an additional 1,488 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Terex by 5.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,464 shares of the industrial products company’s stock valued at $162,000 after buying an additional 287 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of Terex during the 1st quarter valued at approximately $121,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Company Profile

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.