Q4 2024 EPS Estimates for Terex Co. Decreased by Analyst (NYSE:TEX)

Terex Co. (NYSE:TEX) – Research analysts at Zacks Research lowered their Q4 2024 earnings estimates for Terex in a report released on Tuesday, September 17th. Zacks Research analyst M. Das now forecasts that the industrial products company will earn $1.53 per share 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 posted its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.10. Terex had a net margin of 9.55% and a return on equity of 27.89%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted $2.35 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis.

A number of other brokerages have also issued reports on TEX. Raymond James began coverage on Terex in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Jefferies Financial Group decreased their price objective on shares of Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Citigroup initiated coverage on shares of Terex in a research note on Wednesday, June 26th. They set a “neutral” rating and a $60.00 target price for the company. Truist Financial decreased their price target on shares of Terex from $74.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Robert W. Baird lifted their price objective on Terex from $58.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.20.

Terex Stock Down 3.7 %

Shares of TEX opened at $51.83 on Thursday. The firm has a market cap of $3.47 billion, a P/E ratio of 6.86, a PEG ratio of 3.61 and a beta of 1.53. Terex has a 12 month low of $43.70 and a 12 month high of $68.08. The stock’s 50 day moving average is $56.01 and its two-hundred day moving average is $57.86. The company has a current ratio of 2.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.

Hedge Funds Weigh In On Terex

A number of institutional investors have recently bought and sold shares of TEX. Sanctuary Advisors LLC acquired a new stake in shares of Terex during the 2nd quarter worth approximately $590,000. New Century Financial Group LLC purchased a new stake in Terex in the second quarter valued at $275,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Terex by 15.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,928 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 397 shares during the last quarter. Creative Planning grew its holdings in shares of Terex by 18.5% during the 2nd quarter. Creative Planning now owns 17,334 shares of the industrial products company’s stock worth $951,000 after purchasing an additional 2,708 shares during the period. Finally, Dorsey Wright & Associates increased its position in shares of Terex by 0.3% during the 2nd quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company’s stock worth $3,362,000 after purchasing an additional 186 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Terex

In related news, Director Andra Rush purchased 2,205 shares of Terex stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $54.36 per share, for a total transaction of $119,863.80. Following the acquisition, the director now directly owns 21,983 shares in the company, valued at $1,194,995.88. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.90% of the company’s stock.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 9th were given a $0.17 dividend. The ex-dividend date 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 (DPR) is presently 9.01%.

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.