Terex (NYSE:TEX) Issues Earnings Results

Terex (NYSE:TEXGet Free Report) issued its quarterly earnings data on Friday. The industrial products company reported $1.41 earnings per share for the quarter, meeting the consensus estimate of $1.41, Briefing.com reports. Terex had a return on equity of 32.89% and a net margin of 10.06%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business earned $1.34 EPS. The business’s revenue was up .4% on a year-over-year basis.

Terex Trading Down 8.5 %

Shares of NYSE:TEX opened at $58.85 on Monday. The company has a market cap of $3.96 billion, a P/E ratio of 7.75, a PEG ratio of 0.80 and a beta of 1.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.01 and a quick ratio of 1.06. Terex has a 1 year low of $41.89 and a 1 year high of $65.64. The stock’s fifty day moving average price is $57.71 and its 200-day moving average price is $55.79.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Thursday, March 7th. Terex’s payout ratio is currently 8.96%.

Insider Activity

In other Terex news, Director David A. Sachs purchased 25,000 shares of the stock in a transaction dated Monday, December 11th. The shares were purchased at an average cost of $51.16 per share, with a total value of $1,279,000.00. Following the completion of the acquisition, the director now directly owns 62,500 shares in the company, valued at approximately $3,197,500. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director David A. Sachs bought 25,000 shares of the stock in a transaction on Monday, December 11th. The shares were bought at an average price of $51.16 per share, with a total value of $1,279,000.00. Following the completion of the acquisition, the director now owns 62,500 shares in the company, valued at $3,197,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John L. Garrison, Jr. sold 45,000 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $59.00, for a total value of $2,655,000.00. Following the completion of the transaction, the chief executive officer now directly owns 492,121 shares in the company, valued at approximately $29,035,139. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Terex

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dark Forest Capital Management LP purchased a new stake in Terex in the first quarter worth about $28,000. Money Concepts Capital Corp purchased a new position in Terex during the 4th quarter valued at approximately $47,000. Fortis Capital Advisors LLC purchased a new position in Terex during the 1st quarter valued at approximately $79,000. Quantbot Technologies LP purchased a new position in Terex during the 1st quarter valued at approximately $60,000. Finally, Meeder Asset Management Inc. grew its holdings in Terex by 42,750.0% during the 1st quarter. Meeder Asset Management Inc. now owns 1,714 shares of the industrial products company’s stock valued at $83,000 after buying an additional 1,710 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TEX. JPMorgan Chase & Co. decreased their target price on Terex from $72.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, October 16th. UBS Group dropped their target price on Terex from $75.00 to $61.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Jefferies Financial Group cut Terex from a “buy” rating to a “hold” rating and decreased their price target for the stock from $73.00 to $63.00 in a research note on Wednesday, December 20th. StockNews.com cut Terex from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, The Goldman Sachs Group reduced their target price on Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Terex has an average rating of “Hold” and an average price target of $61.93.

View Our Latest Research Report on Terex

About Terex

(Get Free Report)

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands.

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Earnings History for Terex (NYSE:TEX)

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