Equities research analysts expect Terex Co. (NYSE:TEX) to post sales of $986.40 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Terex’s earnings, with the highest sales estimate coming in at $1.05 billion and the lowest estimate coming in at $917.00 million. Terex posted sales of $690.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The company is scheduled to announce its next earnings results on Thursday, July 29th.
On average, analysts expect that Terex will report full-year sales of $3.76 billion for the current year, with estimates ranging from $3.66 billion to $4.01 billion. For the next financial year, analysts expect that the firm will report sales of $4.17 billion, with estimates ranging from $3.98 billion to $4.56 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Terex.
Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, April 29th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.34. The firm had revenue of $864.20 million during the quarter, compared to analyst estimates of $821.19 million. Terex had a net margin of 1.75% and a return on equity of 8.34%.
NYSE TEX traded down $2.07 during mid-day trading on Thursday, hitting $44.96. The company’s stock had a trading volume of 803,022 shares, compared to its average volume of 687,156. The company has a quick ratio of 1.48, a current ratio of 2.27 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 58.39 and a beta of 1.69. The firm’s 50 day moving average price is $49.48. Terex has a twelve month low of $17.19 and a twelve month high of $55.60.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 18th. Shareholders of record on Friday, June 4th were issued a $0.12 dividend. The ex-dividend date was Thursday, June 3rd. This represents a $0.48 annualized dividend and a yield of 1.07%. Terex’s dividend payout ratio (DPR) is presently 369.23%.
In other Terex news, Director David A. Sachs sold 29,736 shares of the company’s stock in a transaction dated Wednesday, May 5th. The shares were sold at an average price of $51.80, for a total value of $1,540,324.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John L. Garrison, Jr. sold 50,000 shares of the stock in a transaction dated Tuesday, May 4th. The stock was sold at an average price of $50.09, for a total transaction of $2,504,500.00. Following the transaction, the chief executive officer now directly owns 639,010 shares in the company, valued at approximately $32,008,010.90. The disclosure for this sale can be found here. Insiders sold a total of 146,323 shares of company stock valued at $7,578,284 over the last quarter. 2.90% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its holdings in Terex by 8.1% during the first quarter. Alliancebernstein L.P. now owns 1,775,953 shares of the industrial products company’s stock worth $81,818,000 after buying an additional 133,063 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Terex in the 4th quarter worth approximately $1,082,000. BNP Paribas Arbitrage SA raised its holdings in shares of Terex by 107.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 103,118 shares of the industrial products company’s stock valued at $4,751,000 after purchasing an additional 53,373 shares in the last quarter. Virginia Retirement Systems ET AL raised its holdings in shares of Terex by 13.8% during the 4th quarter. Virginia Retirement Systems ET AL now owns 49,400 shares of the industrial products company’s stock valued at $1,724,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of Terex during the 1st quarter valued at $229,000. Hedge funds and other institutional investors own 83.50% of the company’s stock.
Terex Company Profile
Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. The company 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 principally under the Terex and Genie brand names.
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