News headlines about Terex Corporation (NYSE:TEX) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Terex Corporation earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.1988827338126 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Terex (TEX) Taps Growth With Product & Backlog Strength (finance.yahoo.com)
- New Research: Key Drivers of Growth for E*TRADE Financial, The Meet Group, Alteryx, Lattice Semiconductor, Terex, and B&G Foods – Factors of Influence, Major Initiatives and Sustained Production (finance.yahoo.com)
- Ball Corporation (BLL) Down to Strong Sell on Dismal Trends (finance.yahoo.com)
- Manitowoc to Drive Margin Expansion on Strategic Initiatives (finance.yahoo.com)
- Contrasting Terex Corporation (TEX) & The Competition (americanbankingnews.com)
Shares of Terex Corporation (NYSE:TEX) opened at $42.55 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.53 and a current ratio of 2.42. Terex Corporation has a 12-month low of $27.77 and a 12-month high of $48.86. The company has a market capitalization of $3,800.00, a P/E ratio of 39.49, a P/E/G ratio of 3.08 and a beta of 1.89.
Terex Corporation (NYSE:TEX) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.14. Terex Corporation had a positive return on equity of 7.01% and a negative net margin of 2.62%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business earned $0.19 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. analysts predict that Terex Corporation will post 1.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Thursday, November 9th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, November 8th. Terex Corporation’s payout ratio is -16.67%.
Terex Corporation announced that its Board of Directors has approved a stock buyback program on Wednesday, September 6th that permits the company to buyback $225.00 million in shares. This buyback authorization permits the industrial products company to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
A number of research analysts have issued reports on TEX shares. Bank of America Corporation decreased their price target on Terex Corporation from $42.00 to $40.00 and set an “underperform” rating for the company in a report on Wednesday, November 8th. KeyCorp reissued a “hold” rating on shares of Terex Corporation in a report on Wednesday, November 1st. OTR Global downgraded Terex Corporation to a “positive” rating in a report on Wednesday, September 13th. Deutsche Bank AG downgraded Terex Corporation from a “buy” rating to a “hold” rating and decreased their price target for the company from $44.00 to $43.00 in a report on Thursday, September 21st. Finally, Wells Fargo & Company set a $52.00 price target on Terex Corporation and gave the company a “buy” rating in a report on Monday, October 16th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Terex Corporation has an average rating of “Hold” and a consensus price target of $41.93.
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In related news, Director David A. Sachs bought 3,000 shares of the company’s stock in a transaction on Friday, August 18th. The stock was bought at an average cost of $37.97 per share, for a total transaction of $113,910.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Brian J. Henry sold 10,154 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $40.00, for a total value of $406,160.00. Following the completion of the sale, the senior vice president now owns 313,263 shares of the company’s stock, valued at $12,530,520. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 4,204 shares of company stock valued at $165,715 and have sold 64,723 shares valued at $2,665,476. 2.50% of the stock is currently owned by insiders.
Terex Corporation Company Profile
Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.
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