Terex (TEX) Set to Announce Quarterly Earnings on Wednesday

Terex (NYSE:TEX) will release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Terex to post 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 registering for the company’s conference call can do so using this link.

Terex (NYSE:TEX) last announced 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. Terex had a net margin of 9.55% and a return on equity of 27.89%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned $2.35 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts expect Terex to post $6 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Terex Stock Up 0.1 %

TEX opened at $54.01 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 2.21 and a debt-to-equity ratio of 0.36. Terex has a twelve month low of $43.70 and a twelve month high of $68.08. The company has a market cap 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. The company has a 50-day moving average price of $53.46 and a 200 day moving average price of $56.69.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be issued a $0.17 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.26%. Terex’s payout ratio is 9.01%.

Analyst Ratings Changes

TEX has been the topic of several recent research reports. Evercore ISI lowered their price target on shares of Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Citigroup decreased 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. Raymond James started coverage on shares of Terex in a report on Friday, June 28th. They set a “market perform” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Finally, Jefferies Financial Group lowered their price objective on Terex from $68.00 to $55.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.33.

Insiders Place Their Bets

In related news, Director Andra Rush acquired 2,205 shares of Terex stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $54.36 per share, for a total transaction of $119,863.80. Following the transaction, the director now owns 21,983 shares of the company’s stock, valued at $1,194,995.88. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.

Terex Company Profile

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.