Terex Corp. (NYSE:TEX) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.

Terex Corp. (NYSE:TEX) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.10. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.61 billion. Terex Corp. had a return on equity of 9.63% and a net margin of 0.92%. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 EPS. On average, analysts expect Terex Corp. to post $0.96 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.

Earnings History for Terex Corp. (NYSE:TEX)

Shares of Terex Corp. (NYSE:TEX) opened at 25.14 on Friday. The stock has a market cap of $2.73 billion, a P/E ratio of 50.89 and a beta of 2.93. The company has a 50 day moving average price of $24.32 and a 200 day moving average price of $23.24. Terex Corp. has a 1-year low of $13.62 and a 1-year high of $25.85.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Thursday, November 10th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.28 annualized dividend and a dividend yield of 1.11%. Terex Corp.’s dividend payout ratio (DPR) is presently 57.14%.

Several research analysts have issued reports on the company. Bank of America Corp. upgraded Terex Corp. from an “underperform” rating to a “buy” rating and boosted their target price for the company from $21.00 to $29.00 in a research report on Friday. Zacks Investment Research upgraded Terex Corp. from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, June 28th. Wells Fargo & Co. restated a “buy” rating on shares of Terex Corp. in a research report on Wednesday, June 22nd. Barclays PLC dropped their target price on Terex Corp. from $25.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, July 11th. Finally, Stifel Nicolaus set a $29.00 target price on Terex Corp. and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.50.

In other news, Director G Chris Andersen sold 20,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $24.02, for a total transaction of $480,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steve Filipov sold 8,929 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $24.20, for a total transaction of $216,081.80. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC raised its stake in shares of Terex Corp. by 105.3% in the second quarter. TIAA CREF Investment Management LLC now owns 3,191,643 shares of the company’s stock worth $64,822,000 after buying an additional 1,636,964 shares during the period. FMR LLC raised its stake in shares of Terex Corp. by 33.3% in the second quarter. FMR LLC now owns 1,688,130 shares of the company’s stock worth $34,286,000 after buying an additional 422,130 shares during the period. Teachers Advisors Inc. raised its stake in shares of Terex Corp. by 26.3% in the second quarter. Teachers Advisors Inc. now owns 1,878,725 shares of the company’s stock worth $38,157,000 after buying an additional 391,013 shares during the period. BlackRock Fund Advisors raised its stake in shares of Terex Corp. by 5.5% in the second quarter. BlackRock Fund Advisors now owns 3,763,279 shares of the company’s stock worth $76,432,000 after buying an additional 197,763 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Terex Corp. by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,134,327 shares of the company’s stock worth $63,658,000 after buying an additional 73,134 shares during the period. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

About Terex Corp.

Terex Corporation is a lifting and material handling solutions company. The Company is focused on providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, mining, manufacturing, transportation, energy and utility industries.

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