Terex Co. Expected to Earn Q3 2024 Earnings of $1.92 Per Share (NYSE:TEX)

Terex Co. (NYSE:TEX) – Investment analysts at Zacks Research lifted their Q3 2024 EPS estimates for Terex in a research note issued on Monday, August 19th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $1.92 per share for the quarter, up from their previous forecast of $1.90. The consensus estimate for Terex’s current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Terex’s Q2 2025 earnings at $1.89 EPS, Q4 2025 earnings at $1.45 EPS, Q1 2026 earnings at $1.76 EPS and Q2 2026 earnings at $1.92 EPS.

Terex (NYSE:TEX) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.10. Terex had a net margin of 9.55% and a return on equity of 27.89%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company earned $2.35 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis.

A number of other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Terex from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group dropped their target price on shares of Terex from $68.00 to $55.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Raymond James started coverage on shares of Terex in a research report on Friday, June 28th. They set a “market perform” rating for the company. Citigroup started coverage on shares of Terex in a research report on Wednesday, June 26th. They set a “neutral” rating and a $60.00 target price for the company. Finally, Robert W. Baird upped their target price on shares of Terex from $58.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.30.

Terex Stock Up 0.9 %

Shares of TEX stock opened at $54.22 on Wednesday. The company has a 50 day simple moving average of $56.07 and a two-hundred day simple moving average of $58.48. The company has a current ratio of 2.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The stock has a market cap of $3.63 billion, a P/E ratio of 7.18, a P/E/G ratio of 3.68 and a beta of 1.57. Terex has a 12 month low of $43.70 and a 12 month high of $68.08.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 9th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, August 9th. Terex’s dividend payout ratio is currently 9.01%.

Insider Activity

In other news, VP Scott Posner sold 12,500 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the sale, the vice president now owns 58,224 shares of the company’s stock, valued at $3,521,387.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Terex news, Director Andra Rush bought 2,205 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $54.36 per share, with a total value of $119,863.80. Following the transaction, the director now owns 21,983 shares of the company’s stock, valued at approximately $1,194,995.88. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Scott Posner sold 12,500 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $60.48, for a total transaction of $756,000.00. Following the transaction, the vice president now directly owns 58,224 shares in the company, valued at approximately $3,521,387.52. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Terex by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,812,383 shares of the industrial products company’s stock valued at $154,224,000 after buying an additional 109,885 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Terex by 18.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company’s stock valued at $99,045,000 after buying an additional 285,750 shares in the last quarter. Greenhaven Associates Inc. boosted its holdings in shares of Terex by 1.6% in the 2nd quarter. Greenhaven Associates Inc. now owns 1,499,671 shares of the industrial products company’s stock valued at $82,242,000 after buying an additional 23,371 shares in the last quarter. American Century Companies Inc. boosted its stake in Terex by 25.6% in the 2nd quarter. American Century Companies Inc. now owns 1,322,729 shares of the industrial products company’s stock worth $72,538,000 after purchasing an additional 269,777 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Terex by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 921,985 shares of the industrial products company’s stock worth $52,977,000 after purchasing an additional 42,364 shares in the last quarter. 92.88% of the stock is currently owned by 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.