Terex (TEX) Expected to Announce Earnings on Thursday

Terex (NYSE:TEX) will likely be announcing 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

Terex Stock Up 3.2 %

NYSE TEX opened at $47.48 on Wednesday. Terex has a 12 month low of $43.50 and a 12 month high of $68.08. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.17 billion, a PE ratio of 6.93, a P/E/G ratio of 4.51 and a beta of 1.54. The stock’s 50 day moving average is $48.18 and its 200 day moving average is $52.32.

Insider Buying and Selling

In other news, Director David A. Sachs acquired 20,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $49.75 per share, with a total value of $995,000.00. Following the completion of the purchase, the director now directly owns 137,500 shares of the company’s stock, valued at $6,840,625. This represents a 17.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Simon Meester sold 9,877 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the sale, the chief executive officer now directly owns 127,858 shares in the company, valued at approximately $6,538,658.12. This represents a 7.17 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.