Brokers Issue Forecasts for Terex's Q3 Earnings (NYSE:TEX)

Terex Co. (NYSE:TEX - Free Report) - Equities research analysts at Zacks Research lowered their Q3 2024 EPS estimates for Terex in a research report issued to clients and investors on Wednesday, October 16th. Zacks Research analyst M. Das now expects that the industrial products company will earn $1.17 per share for the quarter, down from their previous estimate of $1.18. The consensus estimate for Terex's current full-year earnings is $5.91 per share. Zacks Research also issued estimates for Terex's Q4 2024 earnings at $0.99 EPS, FY2024 earnings at $5.92 EPS, Q3 2025 earnings at $1.13 EPS, Q4 2025 earnings at $1.04 EPS, FY2025 earnings at $5.44 EPS, Q2 2026 earnings at $1.81 EPS, Q3 2026 earnings at $1.34 EPS and FY2026 earnings at $6.06 EPS.

TEX has been the topic of several other reports. Raymond James began coverage on Terex in a research report on Friday, June 28th. They set a "market perform" rating for the company. Citigroup decreased their price objective on Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research note on Monday, September 23rd. The Goldman Sachs Group cut their price objective on Terex from $72.00 to $62.00 and set a "neutral" rating for the company in a research report on Friday, September 20th. Jefferies Financial Group cut their price target on shares of Terex from $68.00 to $55.00 and set a "hold" rating on the stock in a report on Thursday, July 11th. Finally, Robert W. Baird boosted their price target on shares of Terex from $63.00 to $65.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $60.30.

Terex Price Performance

Shares of Terex stock traded up $0.39 during midday trading on Thursday, hitting $56.35. 389,898 shares of the company traded hands, compared to its average volume of 826,584. The firm's fifty day moving average price is $53.40 and its 200-day moving average price is $56.91. 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 stock has a market cap of $3.77 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 4.59 and a beta of 1.53. Terex has a 12 month low of $43.70 and a 12 month high of $68.08.

Terex (NYSE:TEX - Get Free Report) last posted 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 the consensus estimate of $1.43 billion. Terex had a net margin of 9.55% and a return on equity of 27.89%. Terex's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.35 earnings per share.

Institutional Trading of Terex

A number of hedge funds have recently bought and sold shares of TEX. Blue Trust Inc. increased its position in shares of Terex by 57.5% in the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company's stock valued at $28,000 after buying an additional 187 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Terex by 83.3% in the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company's stock worth $39,000 after purchasing an additional 335 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in shares of Terex by 202.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 465 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Terex during the 2nd quarter worth approximately $109,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Terex during the 2nd quarter valued at about $111,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Insider Activity

In other Terex news, Director Andra Rush acquired 2,205 shares of the stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $54.36 per share, for a total transaction of $119,863.80. Following the completion of the transaction, the director now directly owns 21,983 shares of the company's stock, valued at approximately $1,194,995.88. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.90% of the company's stock.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, November 8th. Terex's payout ratio is 9.33%.

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.