Terex (TEX) Projected to Post Quarterly Earnings on Thursday

Terex (NYSE:TEXGet Free Report) is projected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Terex to post earnings of $0.76 per share and revenue of $1.23 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Terex (NYSE:TEXGet Free Report) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.15. Terex had a return on equity of 24.92% and a net margin of 9.08%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm earned $1.75 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, analysts expect Terex to post $6 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Terex Price Performance

TEX opened at $47.46 on Thursday. The business’s 50-day moving average is $48.71 and its two-hundred day moving average is $52.64. Terex has a 1 year low of $43.50 and a 1 year high of $68.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. The firm has a market capitalization of $3.17 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 4.49 and a beta of 1.55.

Analysts Set New Price Targets

Several brokerages have weighed in on TEX. Robert W. Baird lowered their price target on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Citigroup lowered their price target on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Truist Financial lowered their price target on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.63.

View Our Latest Report on TEX

Insider Buying and Selling

In related news, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the transaction, the chief executive officer now directly owns 127,858 shares in the company, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Sachs purchased 20,000 shares of Terex stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $49.75 per share, with a total value of $995,000.00. Following the completion of the transaction, the director now owns 137,500 shares of the company’s stock, valued at $6,840,625. This represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company’s stock.

Terex Company Profile

(Get Free Report)

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.

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Earnings History for Terex (NYSE:TEX)

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