Q3 2022 EPS Estimates for Terex Co. Decreased by Jefferies Financial Group (NYSE:TEX)

Terex Co. (NYSE:TEXGet Rating) – Investment analysts at Jefferies Financial Group dropped their Q3 2022 earnings per share estimates for shares of Terex in a research report issued to clients and investors on Wednesday, August 3rd. Jefferies Financial Group analyst S. Volkmann now forecasts that the industrial products company will post earnings of $1.10 per share for the quarter, down from their prior forecast of $1.20. The consensus estimate for Terex’s current full-year earnings is $3.84 per share. Jefferies Financial Group also issued estimates for Terex’s Q4 2022 earnings at $1.05 EPS, FY2022 earnings at $3.95 EPS, Q1 2023 earnings at $0.90 EPS, Q3 2023 earnings at $1.10 EPS, Q4 2023 earnings at $1.20 EPS and FY2024 earnings at $4.80 EPS.

A number of other equities research analysts have also recently issued reports on TEX. JPMorgan Chase & Co. lowered their target price on shares of Terex from $57.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Credit Suisse Group boosted their target price on shares of Terex from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley lowered their target price on shares of Terex from $42.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. The Goldman Sachs Group upped their price target on shares of Terex from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, KeyCorp decreased their price target on shares of Terex from $54.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Terex currently has an average rating of “Moderate Buy” and a consensus target price of $45.50.

Terex Trading Down 1.1 %

Shares of TEX stock opened at $34.11 on Friday. The company’s fifty day simple moving average is $31.22 and its two-hundred day simple moving average is $35.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.00 and a quick ratio of 0.99. Terex has a 1 year low of $26.64 and a 1 year high of $53.82. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.53 and a beta of 1.62.

Terex (NYSE:TEXGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.87 by $0.20. Terex had a return on equity of 21.46% and a net margin of 5.73%. During the same period in the prior year, the business earned $1.02 EPS.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Friday, August 12th will be paid a $0.13 dividend. The ex-dividend date is Thursday, August 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.52%. Terex’s dividend payout ratio is presently 15.71%.

Insider Activity at Terex

In related news, VP Scott Posner sold 2,000 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $33.96, for a total value of $67,920.00. Following the transaction, the vice president now owns 64,621 shares of the company’s stock, valued at $2,194,529.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by insiders.

Institutional Trading of Terex

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Terex by 5.3% during the first quarter. BlackRock Inc. now owns 8,373,481 shares of the industrial products company’s stock valued at $298,598,000 after buying an additional 417,925 shares during the period. Vanguard Group Inc. boosted its position in Terex by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,767,160 shares of the industrial products company’s stock valued at $276,978,000 after buying an additional 68,739 shares during the period. Pzena Investment Management LLC boosted its position in Terex by 31.3% during the second quarter. Pzena Investment Management LLC now owns 4,450,787 shares of the industrial products company’s stock valued at $121,818,000 after buying an additional 1,060,041 shares during the period. JPMorgan Chase & Co. boosted its position in Terex by 329.6% during the fourth quarter. JPMorgan Chase & Co. now owns 3,570,805 shares of the industrial products company’s stock valued at $156,937,000 after buying an additional 2,739,622 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Terex by 6.7% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,184,288 shares of the industrial products company’s stock valued at $113,552,000 after buying an additional 200,816 shares during the period. 85.46% of the stock is currently owned by hedge funds and other institutional investors.

Terex Company Profile

(Get Rating)

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 and Estimates for Terex (NYSE:TEX)

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