Terex (TEX) Set to Announce Earnings on Wednesday

Terex (NYSE:TEX) is set to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Terex to post earnings of $1.91 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Terex (NYSE:TEX) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.10. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.43 billion. Terex had a return on equity of 27.89% and a net margin of 9.55%. Terex’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.35 earnings per share. On average, analysts expect Terex to post $6 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Terex Stock Performance

Shares of NYSE TEX opened at $55.46 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $53.45 and a 200-day simple moving average of $56.30. The company has a market cap of $3.71 billion, a PE ratio of 7.61, a P/E/G ratio of 4.47 and a beta of 1.53. Terex has a 12-month low of $44.22 and a 12-month high of $68.08.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be given 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 1.23%. Terex’s dividend payout ratio (DPR) is 9.33%.

Insiders Place Their Bets

In other news, Director Andra Rush acquired 2,205 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $54.36 per share, for a total transaction of $119,863.80. Following the purchase, the director now directly owns 21,983 shares of the company’s stock, valued at approximately $1,194,995.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

TEX has been the topic of several recent analyst reports. Jefferies Financial Group cut their target price on shares of Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. JPMorgan Chase & Co. cut their target price on shares of Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Robert W. Baird boosted their target price on shares of Terex from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Citigroup cut their target price on shares of Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, September 23rd. Finally, The Goldman Sachs Group cut their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. One equities research 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 has an average rating of “Hold” and an average target price of $60.33.

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.