Q3 2024 EPS Estimates for Terex Co. (NYSE:TEX) Lowered by Analyst

Terex Co. (NYSE:TEX) – Analysts at Zacks Research reduced their Q3 2024 earnings estimates for shares of Terex in a research report issued to clients and investors on Tuesday, September 17th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings per share of $1.91 for the quarter, down from their prior estimate of $1.92. The consensus estimate for Terex’s current full-year earnings is $7.21 per share. Zacks Research also issued estimates for Terex’s FY2024 earnings at $7.20 EPS, Q4 2025 earnings at $1.61 EPS, FY2025 earnings at $6.78 EPS and Q2 2026 earnings at $1.99 EPS.

Terex (NYSE:TEX) last released its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.10. Terex had a net margin of 9.55% and a return on equity of 27.89%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the company earned $2.35 EPS. Terex’s revenue for the quarter was down 1.5% on a year-over-year basis.

A number of other research firms have also recently commented on TEX. Citigroup began coverage on Terex in a report on Wednesday, June 26th. They issued a “neutral” rating and a $60.00 price target on the stock. The Goldman Sachs Group dropped their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Terex from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Jefferies Financial Group dropped their price objective on shares of Terex from $68.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Finally, Robert W. Baird raised their price objective on Terex from $58.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.20.

Terex Price Performance

Shares of Terex stock opened at $51.86 on Friday. The company has a quick ratio of 1.07, a current ratio of 2.21 and a debt-to-equity ratio of 0.36. Terex has a 52 week low of $43.70 and a 52 week high of $68.08. The stock’s 50-day simple moving average is $55.96 and its 200-day simple moving average is $57.82. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 3.61 and a beta of 1.53.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 9th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, August 9th. Terex’s dividend payout ratio (DPR) is 9.01%.

Insider Activity

In other news, Director Andra Rush bought 2,205 shares of Terex stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $54.36 per share, with a total value of $119,863.80. Following the completion of the purchase, the director now owns 21,983 shares in the company, valued at approximately $1,194,995.88. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. increased its stake in Terex by 57.5% in the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock worth $28,000 after buying an additional 187 shares during the period. FinTrust Capital Advisors LLC increased its position in shares of Terex by 202.2% during the first quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 465 shares during the period. OLD Point Trust & Financial Services N A bought a new stake in shares of Terex during the fourth quarter valued at approximately $61,000. Principal Securities Inc. purchased a new stake in shares of Terex in the fourth quarter valued at approximately $85,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Terex in the second quarter valued at approximately $109,000. Institutional investors own 92.88% of the company’s stock.

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.