FY2028 Earnings Estimate for Terex Issued By Zacks Research

Terex Corporation (NYSE:TEX) – Analysts at Zacks Research issued their FY2028 earnings per share (EPS) estimates for shares of Terex in a report issued on Wednesday, March 4th. Zacks Research analyst Team anticipates that the industrial products company will earn $6.22 per share for the year. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Terex’s current full-year earnings is $4.83 per share.

Several other equities analysts have also issued reports on TEX. Truist Financial lifted their price target on Terex from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. initiated coverage on Terex in a research note on Wednesday. They set a “neutral” rating and a $76.00 target price for the company. Morgan Stanley restated an “overweight” rating and issued a $83.00 price target on shares of Terex in a research note on Tuesday, February 17th. UBS Group lowered their price objective on shares of Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Wells Fargo & Company raised their target price on shares of Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $71.60.

Terex Stock Performance

Shares of NYSE:TEX opened at $65.83 on Friday. Terex has a 1 year low of $31.53 and a 1 year high of $71.50. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.36 and a beta of 1.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.30 and a quick ratio of 1.36. The company’s 50 day simple moving average is $62.14 and its 200 day simple moving average is $54.66.

Terex (NYSE:TEX) last announced its quarterly earnings data on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.12. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Terex had a net margin of 4.08% and a return on equity of 16.51%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.00 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in Terex by 565.8% during the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 413 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 369 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Terex by 6,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 680 shares in the last quarter. Bessemer Group Inc. grew its stake in Terex by 56.4% during the second quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 259 shares during the period. Finally, Strs Ohio bought a new stake in Terex in the first quarter worth approximately $30,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Activity at Terex

In other news, insider Kieran Hegarty sold 11,980 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the completion of the transaction, the insider directly owned 173,495 shares in the company, valued at $12,012,793.80. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.68 annualized dividend and a yield of 1.0%. Terex’s payout ratio is presently 20.42%.

Terex Company Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.