Zacks Research Has Bullish Estimate for Terex Q1 Earnings

Terex Co. (NYSE:TEX) – Investment analysts at Zacks Research raised their Q1 2025 earnings per share (EPS) estimates for shares of Terex in a research report issued on Wednesday, October 16th. Zacks Research analyst M. Das now anticipates that the industrial products company will earn $1.54 per share for the quarter, up from their previous forecast of $1.53. The consensus estimate for Terex’s current full-year earnings is $5.91 per share.

A number of other brokerages have also weighed in on TEX. Citigroup dropped their price objective on shares of Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a report on Monday, September 23rd. The Goldman Sachs Group dropped their price target on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Truist Financial reduced their price objective on Terex from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. cut their price target on shares of Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Finally, Raymond James began coverage on shares of Terex in a research note on Friday, June 28th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.33.

Terex Stock Down 0.4 %

NYSE:TEX opened at $56.14 on Friday. The company’s 50 day moving average is $53.44 and its two-hundred day moving average is $56.86. The company has a market cap of $3.78 billion, a PE ratio of 7.44, a P/E/G ratio of 4.59 and a beta of 1.53. Terex has a twelve month low of $43.70 and a twelve month high of $68.08. The company has a current ratio of 2.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.

Terex (NYSE:TEX) last issued its quarterly 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 company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.35 earnings per share.

Institutional Investors Weigh In On Terex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEX. Blue Trust Inc. grew its stake in shares of Terex by 89.3% in the third quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after buying an additional 457 shares in the last quarter. Stratos Wealth Advisors LLC grew its position in Terex by 32.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 32,958 shares of the industrial products company’s stock valued at $1,744,000 after acquiring an additional 8,153 shares in the last quarter. nVerses Capital LLC increased its stake in Terex by 15.8% during the third quarter. nVerses Capital LLC now owns 4,400 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 600 shares during the period. Creative Planning lifted its position in shares of Terex by 15.4% during the third quarter. Creative Planning now owns 19,998 shares of the industrial products company’s stock worth $1,058,000 after purchasing an additional 2,664 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Terex by 24.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,300 shares of the industrial products company’s stock valued at $1,762,000 after purchasing an additional 6,600 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Activity

In other news, Director Andra Rush acquired 2,205 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $54.36 per share, for a total transaction of $119,863.80. Following the acquisition, the director now owns 21,983 shares of the company’s stock, valued at approximately $1,194,995.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. Terex’s payout ratio is currently 9.01%.

About Terex

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.