Terex (TEX) to Release Quarterly Earnings on Tuesday

Terex (NYSE:TEX) is scheduled to announce its earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $2.03 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Terex (NYSE:TEX) last announced its earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.23. Terex had a return on equity of 30.53% and a net margin of 9.87%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.23 billion. On average, analysts expect Terex to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Terex Stock Up 1.6 %

Terex stock opened at $66.76 on Monday. Terex has a twelve month low of $43.70 and a twelve month high of $68.08. The stock has a 50 day moving average of $56.99 and a two-hundred day moving average of $58.84. The company has a current ratio of 2.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 8.84 and a beta of 1.57.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.68 dividend on an annualized basis and a yield of 1.02%. Terex’s payout ratio is 9.01%.

Insiders Place Their Bets

In other Terex news, VP Scott Posner sold 12,500 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $60.48, for a total transaction of $756,000.00. Following the completion of the transaction, the vice president now owns 58,224 shares of the company’s stock, valued at $3,521,387.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Stephen Johnston sold 3,239 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $62.00, for a total transaction of $200,818.00. Following the sale, the chief accounting officer now owns 14,606 shares in the company, valued at $905,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott Posner sold 12,500 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $60.48, for a total value of $756,000.00. Following the sale, the vice president now owns 58,224 shares in the company, valued at approximately $3,521,387.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,929 shares of company stock valued at $1,958,307. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Terex from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Raymond James initiated coverage on Terex in a report on Friday, June 28th. They issued a “market perform” rating for the company. Robert W. Baird raised their price target on Terex from $58.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Citigroup initiated coverage on Terex in a report on Wednesday, June 26th. They issued a “neutral” rating and a $60.00 price target for the company. Finally, Truist Financial reduced their price target on Terex from $73.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Terex currently has a consensus rating of “Hold” and a consensus target price of $64.33.

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.