$0.46 Earnings Per Share Expected for Terex Co. (TEX) This Quarter

Wall Street brokerages expect Terex Co. (NYSE:TEX) to announce $0.46 earnings per share for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Terex’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.44. Terex posted earnings of $0.33 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 39.4%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 12th.

On average, analysts expect that Terex will report full year earnings of $2.66 per share for the current year, with EPS estimates ranging from $2.60 to $2.68. For the next financial year, analysts expect that the business will report earnings of $3.50 per share, with EPS estimates ranging from $3.10 to $3.86. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Terex.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.07). Terex had a net margin of 2.42% and a return on equity of 18.86%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm posted $0.50 earnings per share. Terex’s quarterly revenue was up 10.6% compared to the same quarter last year.

Several brokerages have issued reports on TEX. ValuEngine lowered Terex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. BMO Capital Markets dropped their price target on Terex to $35.00 and set a “market perform” rating on the stock in a research note on Monday, November 19th. Zacks Investment Research raised Terex from a “sell” rating to a “hold” rating and set a $33.00 price target on the stock in a research note on Monday, January 7th. Longbow Research began coverage on Terex in a research note on Friday, October 12th. They issued a “neutral” rating on the stock. Finally, Citigroup dropped their price target on Terex from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $39.50.

Institutional investors have recently made changes to their positions in the stock. Raymond James & Associates boosted its position in Terex by 108.5% in the second quarter. Raymond James & Associates now owns 26,964 shares of the industrial products company’s stock worth $1,138,000 after purchasing an additional 14,029 shares during the last quarter. Commonwealth Bank of Australia purchased a new position in shares of Terex during the 3rd quarter valued at $482,000. Federated Investors Inc. PA lifted its position in shares of Terex by 11.2% during the 3rd quarter. Federated Investors Inc. PA now owns 49,091 shares of the industrial products company’s stock valued at $1,959,000 after buying an additional 4,929 shares during the last quarter. Man Group plc lifted its position in shares of Terex by 104.9% during the 3rd quarter. Man Group plc now owns 279,004 shares of the industrial products company’s stock valued at $11,135,000 after buying an additional 142,857 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Terex by 2.6% during the 2nd quarter. Morgan Stanley now owns 3,199,629 shares of the industrial products company’s stock valued at $134,992,000 after buying an additional 80,932 shares during the last quarter. Institutional investors and hedge funds own 98.70% of the company’s stock.

Shares of TEX opened at $29.70 on Friday. Terex has a 52-week low of $25.47 and a 52-week high of $50.17. The company has a current ratio of 2.22, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 0.23 and a beta of 1.59.

About Terex

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

Featured Article: Liquidity

Get a free copy of the Zacks research report on Terex (TEX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply