Zacks: Analysts Anticipate Terex Co. (NYSE:TEX) to Post $1.35 Earnings Per Share

Brokerages expect Terex Co. (NYSE:TEX) to announce earnings of $1.35 per share for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Terex’s earnings. The highest EPS estimate is $1.46 and the lowest is $1.28. Terex reported earnings of $0.98 per share in the same quarter last year, which would suggest a positive year over year growth rate of 37.8%. The firm is expected to announce its next quarterly earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Terex will report full-year earnings of $4.05 per share for the current fiscal year, with EPS estimates ranging from $3.85 to $4.23. For the next fiscal year, analysts forecast that the company will report earnings of $4.06 per share, with EPS estimates ranging from $3.50 to $4.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Terex.

Terex (NYSE:TEX) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.30. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Terex had a negative net margin of 0.06% and a positive return on equity of 25.38%. Terex’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share.

A number of research analysts have issued reports on the stock. Barclays set a $330.00 price target on shares of Thermo Fisher Scientific and gave the stock a “buy” rating in a report on Monday. Evercore ISI reaffirmed an “in-line” rating and issued a $31.00 price target (down previously from $40.00) on shares of Terex in a report on Friday, May 31st. Bank of America set a $54.00 price target on shares of Fortis and gave the stock a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Monday, April 29th. Finally, TheStreet raised shares of Exantas Capital from a “d+” rating to a “c” rating in a report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.50.

In related news, Director International Master F. Marcato sold 1,600,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $27.31, for a total transaction of $43,696,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have purchased 1,581 shares of company stock valued at $46,020. 4.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its holdings in Terex by 1.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 43,450 shares of the industrial products company’s stock valued at $1,197,000 after purchasing an additional 795 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Terex by 4.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 41,450 shares of the industrial products company’s stock worth $1,331,000 after buying an additional 1,929 shares during the period. Geode Capital Management LLC increased its stake in Terex by 9.7% during the 4th quarter. Geode Capital Management LLC now owns 661,708 shares of the industrial products company’s stock worth $18,242,000 after buying an additional 58,616 shares during the period. Thrivent Financial for Lutherans increased its stake in Terex by 10.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 552,731 shares of the industrial products company’s stock worth $15,239,000 after buying an additional 52,827 shares during the period. Finally, Nordea Investment Management AB increased its stake in Terex by 0.4% during the 4th quarter. Nordea Investment Management AB now owns 126,963 shares of the industrial products company’s stock worth $3,500,000 after buying an additional 472 shares during the period. 90.83% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE TEX traded up $0.09 during midday trading on Friday, reaching $29.65. The company had a trading volume of 8,290 shares, compared to its average volume of 1,275,333. The company’s 50-day moving average is $29.24. The company has a market cap of $2.09 billion, a PE ratio of 10.92, a P/E/G ratio of 0.86 and a beta of 1.77. Terex has a 1 year low of $25.47 and a 1 year high of $44.82. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.41 and a current ratio of 2.27.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Friday, June 7th were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.44 annualized dividend and a dividend yield of 1.48%. Terex’s dividend payout ratio (DPR) is presently 16.24%.

Terex Company Profile

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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Earnings History and Estimates for Terex (NYSE:TEX)

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