Terex (NYSE:TEX) announced its quarterly earnings data on Thursday. The industrial products company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.55, MarketWatch Earnings reports. The business had revenue of $690.50 million for the quarter, compared to analyst estimates of $629.80 million. Terex had a net margin of 0.34% and a return on equity of 6.58%.
Shares of NYSE:TEX opened at $18.85 on Friday. The company has a 50 day moving average of $18.86 and a 200 day moving average of $18.86. The stock has a market cap of $1.31 billion, a P/E ratio of 117.81 and a beta of 1.62. Terex has a 12 month low of $11.54 and a 12 month high of $32.84. The company has a current ratio of 2.53, a quick ratio of 1.47 and a debt-to-equity ratio of 1.70.
In related news, SVP Kevin A. Barr sold 5,479 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $21.34, for a total transaction of $116,921.86. Following the completion of the transaction, the senior vice president now owns 24,571 shares of the company’s stock, valued at $524,345.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have purchased 2,650 shares of company stock valued at $42,486. 3.70% of the stock is owned by corporate insiders.
Several analysts have commented on the stock. Deutsche Bank assumed coverage on shares of Terex in a research report on Tuesday, June 30th. They issued a “hold” rating and a $21.00 price objective on the stock. Credit Suisse Group boosted their price target on shares of Terex from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Citigroup boosted their price target on shares of Terex from $14.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Royal Bank of Canada reissued a “hold” rating on shares of Terex in a research report on Wednesday, May 6th. Finally, ValuEngine raised shares of Terex from a “sell” rating to a “hold” rating in a research report on Friday, May 29th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.40.
Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP 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, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.
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