Terex (NYSE:TEX) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Terex (NYSE:TEX) announced its earnings results on Thursday. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01, Zacks reports. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter last year, the company posted $1.88 EPS. Terex updated its FY 2025 guidance to 4.700-5.100 EPS.

Terex Trading Down 4.0 %

Shares of TEX stock opened at $44.66 on Friday. Terex has a twelve month low of $43.50 and a twelve month high of $68.08. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 4.53 and a beta of 1.54. The company’s 50-day moving average price is $47.69 and its 200-day moving average price is $52.12. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.41.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TEX. Robert W. Baird reduced their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Citigroup reduced their price target on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. StockNews.com lowered shares of Terex from a “hold” rating to a “sell” rating in a research note on Friday. Truist Financial decreased their target price on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. cut their price target on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $56.63.

Insider Buying and Selling at Terex

In other news, Director David A. Sachs bought 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $51.30 per share, for a total transaction of $513,000.00. Following the acquisition, the director now directly owns 107,500 shares of the company’s stock, valued at $5,514,750. The trade was a 10.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the completion of the transaction, the chief executive officer now owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.