Q4 2024 Earnings Estimate for Terex Co. (NYSE:TEX) Issued By Zacks Research

Terex Co. (NYSE:TEX) – Investment analysts at Zacks Research cut their Q4 2024 EPS estimates for Terex in a report issued on Tuesday, September 17th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings per share of $1.53 for the quarter, down from their prior estimate of $1.54. The consensus estimate for Terex’s current full-year earnings is $7.21 per share. Zacks Research also issued estimates for Terex’s Q1 2025 earnings at $1.59 EPS, Q2 2025 earnings at $1.83 EPS, Q1 2026 earnings at $1.81 EPS and FY2026 earnings at $7.55 EPS.

Terex (NYSE:TEX) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.06 by $0.10. Terex had a return on equity of 27.89% and a net margin of 9.55%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business posted $2.35 EPS. Terex’s quarterly revenue was down 1.5% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird upped their price target on shares of Terex from $58.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Evercore ISI dropped their target price on Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group reduced their price target on Terex from $68.00 to $55.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. The Goldman Sachs Group dropped their price objective on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Truist Financial reduced their target price on shares of Terex from $74.00 to $63.00 and set a “buy” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.20.

Terex Stock Down 3.7 %

NYSE:TEX opened at $51.83 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.21 and a quick ratio of 1.07. Terex has a 1-year low of $43.70 and a 1-year high of $68.08. The company has a 50-day moving average of $56.01 and a 200 day moving average of $57.86. The firm has a market cap of $3.47 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 3.61 and a beta of 1.53.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 9th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. Terex’s dividend payout ratio is currently 9.01%.

Insider Transactions at Terex

In other news, Director Andra Rush bought 2,205 shares of Terex stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of $54.36 per share, for a total transaction of $119,863.80. Following the purchase, the director now directly owns 21,983 shares of the company’s stock, valued at approximately $1,194,995.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Terex

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of Terex by 57.5% in the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 187 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in Terex by 202.2% in the first quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 465 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in Terex during the 4th quarter worth about $61,000. Principal Securities Inc. purchased a new position in shares of Terex during the 4th quarter valued at about $85,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Terex in the 2nd quarter valued at about $109,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

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.