Terex (TEX) to Release Quarterly Earnings on Wednesday

Terex (NYSE:TEX - Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.91 per share for the quarter. Terex has set its FY24 guidance at $7.15-7.45 EPS and its FY 2024 guidance at 7.150-7.450 EPS.Parties interested in participating in the company's conference call can do so using this link.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.10. The business had revenue of $1.38 billion during 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 was down 1.5% on a year-over-year basis. During the same period last year, the business posted $2.35 EPS. On average, analysts expect Terex to post $6 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Terex Trading Up 0.1 %

Shares of TEX stock opened at $54.01 on Wednesday. The firm has a 50 day moving average price of $53.47 and a two-hundred day moving average price of $56.61. The company has a quick ratio of 1.07, a current ratio of 2.21 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $3.63 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 4.67 and a beta of 1.53. Terex has a 12-month low of $43.70 and a 12-month high of $68.08.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 1.26%. Terex's dividend payout ratio (DPR) is presently 9.01%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Raymond James assumed coverage on shares of Terex in a research report on Friday, June 28th. They set a "market perform" rating for the company. Truist Financial lowered their target price on shares of Terex from $63.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Citigroup lowered their target price 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 lowered their target price on shares of Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a report on Friday, September 20th. Finally, Robert W. Baird raised their target price on shares of Terex from $63.00 to $65.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Terex presently has a consensus rating of "Hold" and a consensus price target of $60.33.

Insider Activity at Terex

In other news, Director Andra Rush acquired 2,205 shares of the firm's stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $54.36 per share, with a total value of $119,863.80. Following the completion of the purchase, the director now directly owns 21,983 shares of the company's stock, valued at $1,194,995.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.

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.