Terex Co. (NYSE:TEX) – Investment analysts at Jefferies Financial Group issued their Q2 2019 earnings estimates for Terex in a research report issued to clients and investors on Wednesday, May 1st, Zacks Investment Research reports. Jefferies Financial Group analyst S. Volkmann forecasts that the industrial products company will earn $1.40 per share for the quarter. Jefferies Financial Group also issued estimates for Terex’s Q3 2019 earnings at $1.20 EPS, Q4 2019 earnings at $0.73 EPS and FY2021 earnings at $5.25 EPS.
Terex (NYSE:TEX) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.30. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Terex had a positive return on equity of 25.38% and a negative net margin of 0.06%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share.
Several other brokerages also recently issued reports on TEX. Wells Fargo & Co boosted their price objective on Terex from $32.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 26th. Credit Suisse Group boosted their price objective on Terex from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. Barclays set a $37.00 target price on Terex and gave the stock a “hold” rating in a research report on Wednesday, January 23rd. UBS Group downgraded Terex from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $37.00 in a research report on Tuesday, April 23rd. Finally, Morgan Stanley set a $37.00 target price on Terex and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $36.33.
Shares of NYSE TEX opened at $29.10 on Monday. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.27 and a quick ratio of 1.41. The company has a market cap of $2.10 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.60. Terex has a 12-month low of $25.47 and a 12-month high of $45.47.
In other Terex news, Director International Master F. Marcato sold 1,100,000 shares of the company’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $31.54, for a total value of $34,694,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steve Filipov sold 10,048 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $35.64, for a total value of $358,110.72. The disclosure for this sale can be found here. Insiders acquired 1,650 shares of company stock valued at $53,474 over the last 90 days. 4.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of TEX. Oregon Public Employees Retirement Fund raised its stake in Terex by 2,657.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 785,745 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 757,245 shares during the period. Optimum Investment Advisors acquired a new stake in Terex during the 1st quarter valued at $39,000. AdvisorNet Financial Inc acquired a new stake in Terex during the 4th quarter valued at $40,000. NumerixS Investment Technologies Inc acquired a new stake in Terex during the 4th quarter valued at $49,000. Finally, Advisor Group Inc. raised its stake in Terex by 81.5% during the 1st quarter. Advisor Group Inc. now owns 1,859 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 835 shares during the period. 94.91% of the stock is currently owned by institutional investors.
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.