Q3 2024 Earnings Forecast for Terex Co. (NYSE:TEX) Issued By Zacks Research

Terex Co. (NYSE:TEX) – Equities research analysts at Zacks Research reduced their Q3 2024 earnings per share estimates for shares of Terex in a report issued on Tuesday, October 15th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $1.18 per share for the quarter, down from their prior estimate of $1.22. The consensus estimate for Terex’s current full-year earnings is $5.88 per share. Zacks Research also issued estimates for Terex’s Q4 2024 earnings at $1.00 EPS, FY2024 earnings at $5.95 EPS, Q1 2025 earnings at $1.53 EPS, Q2 2025 earnings at $1.73 EPS, Q3 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.06 EPS, FY2025 earnings at $5.47 EPS, Q1 2026 earnings at $1.63 EPS, Q2 2026 earnings at $1.83 EPS, Q3 2026 earnings at $1.38 EPS and FY2026 earnings at $6.15 EPS.

A number of other brokerages also recently issued reports on TEX. Citigroup reduced their price target on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research report on Monday, September 23rd. Evercore ISI reduced their target price on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Truist Financial decreased their target price on Terex from $63.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Robert W. Baird increased their price objective on shares of Terex from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Terex presently has an average rating of “Hold” and an average target price of $60.30.

Terex Price Performance

NYSE TEX opened at $55.96 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 2.21. The company has a market cap of $3.77 billion, a PE ratio of 7.41, a P/E/G ratio of 4.43 and a beta of 1.53. The firm’s 50 day moving average price is $53.38 and its 200-day moving average price is $56.92. Terex has a 52-week low of $43.70 and a 52-week high of $68.08.

Terex (NYSE:TEX) last released its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.10. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. Terex had a return on equity of 27.89% and a net margin of 9.55%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.35 earnings per share.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, November 8th. Terex’s payout ratio is currently 9.01%.

Insider Activity

In other news, Director Andra Rush acquired 2,205 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $54.36 per share, with a total value of $119,863.80. Following the completion of the acquisition, the director now owns 21,983 shares of the company’s stock, valued at $1,194,995.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Terex by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,812,383 shares of the industrial products company’s stock worth $154,224,000 after acquiring an additional 109,885 shares in the last quarter. AQR Capital Management LLC grew its holdings in Terex by 18.4% in the second quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company’s stock valued at $99,045,000 after purchasing an additional 285,750 shares during the last quarter. Greenhaven Associates Inc. grew its holdings in Terex by 1.6% in the second quarter. Greenhaven Associates Inc. now owns 1,499,671 shares of the industrial products company’s stock valued at $82,242,000 after purchasing an additional 23,371 shares during the last quarter. American Century Companies Inc. grew its holdings in Terex by 25.6% in the second quarter. American Century Companies Inc. now owns 1,322,729 shares of the industrial products company’s stock valued at $72,538,000 after purchasing an additional 269,777 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Terex by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 790,118 shares of the industrial products company’s stock valued at $43,330,000 after acquiring an additional 26,377 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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.