$0.04 Earnings Per Share Expected for Terex Co. (NYSE:TEX) This Quarter

Wall Street brokerages expect that Terex Co. (NYSE:TEX) will report $0.04 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Terex’s earnings, with estimates ranging from ($0.04) to $0.10. Terex posted earnings of $0.82 per share in the same quarter last year, which would indicate a negative year over year growth rate of 95.1%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, October 27th.

According to Zacks, analysts expect that Terex will report full year earnings of ($0.40) per share for the current year, with EPS estimates ranging from ($0.50) to ($0.26). For the next financial year, analysts expect that the firm will post earnings of $0.99 per share, with EPS estimates ranging from $0.45 to $1.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Terex.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.55. The company had revenue of $690.50 million during the quarter, compared to the consensus estimate of $629.80 million. Terex had a return on equity of 6.70% and a net margin of 0.34%.

Several research firms have recently commented on TEX. Royal Bank of Canada increased their price objective on Terex from $17.00 to $20.00 and gave the company a “sector perform” rating in a report on Monday, August 3rd. Credit Suisse Group raised their price target on Terex from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Morgan Stanley raised their price target on Terex from $17.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, October 12th. Deutsche Bank Aktiengesellschaft raised their price target on Terex from $19.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, October 13th. Finally, Jefferies Financial Group raised their price target on Terex from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. Terex has a consensus rating of “Hold” and a consensus price target of $24.07.

In other Terex news, Director Paula H. Cholmondeley acquired 2,853 shares of Terex stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average cost of $19.47 per share, with a total value of $55,547.91. Following the completion of the purchase, the director now directly owns 48,782 shares of the company’s stock, valued at approximately $949,785.54. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Fearon sold 4,065 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $24.54, for a total value of $99,755.10. Following the completion of the sale, the insider now directly owns 72,275 shares in the company, valued at $1,773,628.50. The disclosure for this sale can be found here. Insiders purchased 4,839 shares of company stock worth $94,624 over the last ninety days. 3.70% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in TEX. First Trust Advisors LP boosted its stake in Terex by 222.7% in the first quarter. First Trust Advisors LP now owns 67,715 shares of the industrial products company’s stock valued at $2,176,000 after buying an additional 46,730 shares in the last quarter. Legal & General Group Plc boosted its stake in Terex by 23.6% in the first quarter. Legal & General Group Plc now owns 320,275 shares of the industrial products company’s stock valued at $4,599,000 after buying an additional 61,170 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Terex by 33.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,432 shares of the industrial products company’s stock valued at $222,000 after buying an additional 3,862 shares in the last quarter. Geode Capital Management LLC boosted its stake in Terex by 8.0% in the first quarter. Geode Capital Management LLC now owns 918,363 shares of the industrial products company’s stock valued at $13,187,000 after buying an additional 68,190 shares in the last quarter. Finally, Balyasny Asset Management LLC acquired a new stake in shares of Terex during the first quarter valued at about $883,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE TEX traded up $0.39 during trading hours on Friday, hitting $24.43. The company had a trading volume of 637,512 shares, compared to its average volume of 937,812. The stock has a market capitalization of $1.69 billion, a P/E ratio of 152.69 and a beta of 1.67. The company has a quick ratio of 1.49, a current ratio of 2.53 and a debt-to-equity ratio of 1.46. Terex has a 1-year low of $11.54 and a 1-year high of $31.28. The firm’s 50 day moving average is $20.86 and its 200-day moving average is $18.08.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms, materials processing machinery, and cranes worldwide. The company operates in two segments, Aerial Work Platforms (AWP) and Material Processing (MP). It offers AWP equipment, utility equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, institutional, and residential buildings and facilities; construction and maintenance of utility and telecommunication lines; tree trimming; certain construction and foundation drilling applications; and for other commercial operations, as well as used in infrastructure projects.

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Earnings History and Estimates for Terex (NYSE:TEX)

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