Terex (TEX) Projected to Post Quarterly Earnings on Thursday

Terex (NYSE:TEX) is expected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.76 per share and revenue of $1.23 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Terex (NYSE:TEX) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The firm 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 company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $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 Stock Up 0.7 %

NYSE TEX opened at $47.46 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. The company has a market capitalization of $3.17 billion, a P/E ratio of 6.93, a P/E/G ratio of 4.49 and a beta of 1.55. Terex has a one year low of $43.50 and a one year high of $68.08. The stock has a 50 day moving average price of $48.71 and a 200-day moving average price of $52.64.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, 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 transaction of $505,109.78. Following the transaction, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David A. Sachs purchased 20,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the purchase, the director now owns 137,500 shares of the company’s stock, valued at approximately $6,840,625. This trade represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

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.