Q4 2024 EPS Estimates for Terex Co. (NYSE:TEX) Cut by Zacks Research

Terex Co. (NYSE:TEX) – Equities researchers at Zacks Research decreased their Q4 2024 earnings per share estimates for shares of Terex in a report released on Tuesday, September 17th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $1.53 per share for the quarter, down from their previous forecast of $1.54. The consensus estimate for Terex’s current full-year earnings is $7.21 per share. Zacks Research also issued estimates for Terex’s Q1 2025 earnings at $1.59 EPS, Q2 2025 earnings at $1.83 EPS, Q1 2026 earnings at $1.81 EPS and FY2026 earnings at $7.55 EPS.

Terex (NYSE:TEX) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.10. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. Terex had a net margin of 9.55% and a return on equity of 27.89%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.35 earnings per share.

Several other research firms have also recently commented on TEX. Citigroup assumed coverage on Terex in a research report on Wednesday, June 26th. They set a “neutral” rating and a $60.00 price objective on the stock. Truist Financial raised their price target on shares of Terex from $68.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Jefferies Financial Group decreased their price objective on shares of Terex from $68.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Raymond James initiated coverage on shares of Terex in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, Evercore ISI decreased their target price on shares of Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.30.

Terex Stock Performance

Shares of TEX opened at $55.86 on Thursday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 7.40, a P/E/G ratio of 3.61 and a beta of 1.53. The business’s fifty day simple moving average is $55.95 and its two-hundred day simple moving average is $57.90. Terex has a 12 month low of $43.70 and a 12 month high of $68.08. The company has a current ratio of 2.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 9th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, August 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.22%. Terex’s dividend payout ratio (DPR) is presently 9.01%.

Insider Buying and Selling

In other news, Director Andra Rush purchased 2,205 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $54.36 per share, for a total transaction of $119,863.80. Following the completion of the transaction, the director now directly owns 21,983 shares in the company, valued at approximately $1,194,995.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Terex

Institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new position in Terex in the 2nd quarter worth approximately $590,000. New Century Financial Group LLC bought a new position in shares of Terex during the second quarter worth $275,000. Northwestern Mutual Wealth Management Co. grew its stake in Terex by 15.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,928 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 397 shares in the last quarter. Creative Planning increased its holdings in Terex by 18.5% in the 2nd quarter. Creative Planning now owns 17,334 shares of the industrial products company’s stock valued at $951,000 after acquiring an additional 2,708 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its stake in Terex by 0.3% in the 2nd quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company’s stock worth $3,362,000 after purchasing an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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.