Terex (TEX) to Release Earnings on Thursday

Terex (NYSE:TEX - Get Free Report) is expected to be posting its quarterly earnings results 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 listen to the company's earnings conference call can do so using this link.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 EPS. 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 traded up $2.34 during trading on Thursday, hitting $49.80. 378,043 shares of the company traded hands, compared to its average volume of 606,409. The company has a market cap of $3.33 billion, a PE ratio of 7.27, a P/E/G ratio of 4.49 and a beta of 1.55. Terex has a 1 year low of $43.50 and a 1 year high of $68.08. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock's 50-day simple moving average is $48.71 and its two-hundred day simple moving average is $52.64.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TEX shares. Citigroup lowered their target price on Terex from $57.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Robert W. Baird lowered their price target on shares of Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Truist Financial decreased their price objective on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their target price on Terex from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Terex currently has an average rating of "Hold" and a consensus target price of $56.63.

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.