Q2 2018 EPS Estimates for Terex Co. (TEX) Raised by Analyst

Terex Co. (NYSE:TEX) – Stock analysts at Jefferies Group upped their Q2 2018 earnings per share estimates for Terex in a research note issued to investors on Wednesday. Jefferies Group analyst S. Volkmann now forecasts that the industrial products company will post earnings of $0.90 per share for the quarter, up from their previous forecast of $0.75. Jefferies Group also issued estimates for Terex’s Q3 2018 earnings at $0.75 EPS and Q4 2018 earnings at $0.55 EPS.

Several other equities research analysts also recently issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $52.00 price target on shares of Terex in a research note on Thursday, December 21st. Zacks Investment Research downgraded shares of Terex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Barclays began coverage on shares of Terex in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $50.00 price target on the stock. OTR Global raised shares of Terex to a “positive” rating in a research note on Tuesday, December 5th. Finally, ValuEngine downgraded shares of Terex from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Terex currently has a consensus rating of “Hold” and an average target price of $44.71.

Shares of Terex (NYSE:TEX) opened at $41.92 on Thursday. Terex has a one year low of $28.67 and a one year high of $50.17. The stock has a market cap of $3,612.94, a price-to-earnings ratio of 30.91, a P/E/G ratio of 1.69 and a beta of 1.71. The company has a current ratio of 2.42, a quick ratio of 1.53 and a debt-to-equity ratio of 0.71.

Terex (NYSE:TEX) last posted its earnings results on Wednesday, February 14th. The industrial products company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. Terex had a net margin of 2.95% and a return on equity of 8.34%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $999.18 million.

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in shares of Terex by 4.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,825 shares of the industrial products company’s stock valued at $220,000 after buying an additional 262 shares during the last quarter. Cowen Inc. bought a new stake in shares of Terex during the 3rd quarter valued at about $675,000. Cubist Systematic Strategies LLC bought a new stake in shares of Terex during the 3rd quarter valued at about $499,000. Oakbrook Investments LLC bought a new stake in shares of Terex during the 3rd quarter valued at about $320,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Terex during the 3rd quarter valued at about $677,000. 95.80% of the stock is owned by institutional investors and hedge funds.

In other news, VP Eric I. Cohen sold 10,121 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $49.90, for a total value of $505,037.90. Following the completion of the sale, the vice president now owns 185,897 shares of the company’s stock, valued at approximately $9,276,260.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark I. Clair sold 3,014 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total transaction of $137,227.42. The disclosure for this sale can be found here. Insiders bought a total of 987 shares of company stock valued at $44,638 in the last three months. Insiders own 2.50% of the company’s stock.

Terex announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 7th that allows the company to buyback $325.00 million in shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.40 annualized dividend and a dividend yield of 0.95%. This is an increase from Terex’s previous quarterly dividend of $0.08. Terex’s payout ratio is presently 23.70%.

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About Terex

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

Earnings History and Estimates for Terex (NYSE:TEX)

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