$999.17 Million in Sales Expected for Terex Co. (TEX) This Quarter

Equities analysts forecast that Terex Co. (NYSE:TEX) will announce sales of $999.17 million for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Terex’s earnings, with the highest sales estimate coming in at $1.04 billion and the lowest estimate coming in at $990.50 million. Terex reported sales of $974.70 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Terex will report full-year sales of $999.17 million for the current fiscal year, with estimates ranging from $4.29 billion to $4.34 billion. For the next financial year, analysts expect that the company will post sales of $4.58 billion per share, with estimates ranging from $4.50 billion to $4.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Terex.

Terex (NYSE:TEX) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.14. Terex had a negative net margin of 2.62% and a positive return on equity of 7.01%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year.

A number of analysts have weighed in on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $52.00 price objective on shares of Terex in a report on Thursday. KeyCorp restated a “hold” rating on shares of Terex in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Terex from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 20th. Barclays began coverage on shares of Terex in a report on Tuesday, December 12th. They set an “equal weight” rating and a $50.00 target price on the stock. Finally, OTR Global upgraded shares of Terex to a “positive” rating in a report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Terex has a consensus rating of “Hold” and a consensus price target of $44.71.

Terex (NYSE TEX) traded up $0.47 during trading hours on Monday, reaching $48.51. 530,932 shares of the company were exchanged, compared to its average volume of 1,428,396. Terex has a 1-year low of $28.67 and a 1-year high of $48.86. The company has a quick ratio of 1.53, a current ratio of 2.42 and a debt-to-equity ratio of 0.71. The firm has a market cap of $4,040.16, a price-to-earnings ratio of -56.41, a PEG ratio of 3.32 and a beta of 1.88.

Terex declared that its board has initiated a stock buyback plan on Wednesday, September 6th that permits the company to repurchase $225.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Thursday, November 9th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.66%. Terex’s dividend payout ratio (DPR) is currently -37.21%.

In related news, VP Eric I. Cohen sold 10,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the transaction, the vice president now directly owns 195,980 shares in the company, valued at approximately $8,819,100. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mark I. Clair sold 3,014 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total value of $137,227.42. The disclosure for this sale can be found here. Insiders have acquired a total of 1,111 shares of company stock valued at $50,693 in the last three months. Insiders own 2.50% of the company’s stock.

A number of large investors have recently modified their holdings of TEX. Sei Investments Co. increased its stake in shares of Terex by 19.5% during the second quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock valued at $142,000 after buying an additional 619 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Terex by 450.2% in the 3rd quarter. Pacer Advisors Inc. now owns 4,446 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 3,638 shares during the last quarter. Invictus RG lifted its stake in shares of Terex by 95.4% in the 3rd quarter. Invictus RG now owns 4,618 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 2,255 shares during the last quarter. Clear Perspective Advisors LLC bought a new stake in shares of Terex in the 2nd quarter valued at approximately $198,000. Finally, CIBC World Markets Inc. bought a new stake in shares of Terex in the 2nd quarter valued at approximately $210,000. Institutional investors and hedge funds own 96.86% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “$999.17 Million in Sales Expected for Terex Co. (TEX) This Quarter” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/12/25/999-17-million-in-sales-expected-for-terex-co-tex-this-quarter.html.

Terex Company Profile

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

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Earnings History and Estimates for Terex (NYSE:TEX)

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$999.17 Million in Sales Expected for Terex Co. (TEX) This Quarter

Equities analysts forecast that Terex Co. (NYSE:TEX) will announce sales of $999.17 million for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Terex’s earnings, with the highest sales estimate coming in at $1.04 billion and the lowest estimate coming in at $990.50 million. Terex reported sales of $974.70 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Terex will report full-year sales of $999.17 million for the current fiscal year, with estimates ranging from $4.29 billion to $4.34 billion. For the next financial year, analysts expect that the company will post sales of $4.58 billion per share, with estimates ranging from $4.50 billion to $4.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Terex.

Terex (NYSE:TEX) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.14. Terex had a negative net margin of 2.62% and a positive return on equity of 7.01%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year.

A number of analysts have weighed in on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $52.00 price objective on shares of Terex in a report on Thursday. KeyCorp restated a “hold” rating on shares of Terex in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Terex from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 20th. Barclays began coverage on shares of Terex in a report on Tuesday, December 12th. They set an “equal weight” rating and a $50.00 target price on the stock. Finally, OTR Global upgraded shares of Terex to a “positive” rating in a report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Terex has a consensus rating of “Hold” and a consensus price target of $44.71.

Terex (NYSE TEX) traded up $0.47 during trading hours on Monday, reaching $48.51. 530,932 shares of the company were exchanged, compared to its average volume of 1,428,396. Terex has a 1-year low of $28.67 and a 1-year high of $48.86. The company has a quick ratio of 1.53, a current ratio of 2.42 and a debt-to-equity ratio of 0.71. The firm has a market cap of $4,040.16, a price-to-earnings ratio of -56.41, a PEG ratio of 3.32 and a beta of 1.88.

Terex declared that its board has initiated a stock buyback plan on Wednesday, September 6th that permits the company to repurchase $225.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Thursday, November 9th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.66%. Terex’s dividend payout ratio (DPR) is currently -37.21%.

In related news, VP Eric I. Cohen sold 10,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the transaction, the vice president now directly owns 195,980 shares in the company, valued at approximately $8,819,100. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mark I. Clair sold 3,014 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total value of $137,227.42. The disclosure for this sale can be found here. Insiders have acquired a total of 1,111 shares of company stock valued at $50,693 in the last three months. Insiders own 2.50% of the company’s stock.

A number of large investors have recently modified their holdings of TEX. Sei Investments Co. increased its stake in shares of Terex by 19.5% during the second quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock valued at $142,000 after buying an additional 619 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Terex by 450.2% in the 3rd quarter. Pacer Advisors Inc. now owns 4,446 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 3,638 shares during the last quarter. Invictus RG lifted its stake in shares of Terex by 95.4% in the 3rd quarter. Invictus RG now owns 4,618 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 2,255 shares during the last quarter. Clear Perspective Advisors LLC bought a new stake in shares of Terex in the 2nd quarter valued at approximately $198,000. Finally, CIBC World Markets Inc. bought a new stake in shares of Terex in the 2nd quarter valued at approximately $210,000. Institutional investors and hedge funds own 96.86% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “$999.17 Million in Sales Expected for Terex Co. (TEX) This Quarter” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/12/25/999-17-million-in-sales-expected-for-terex-co-tex-this-quarter.html.

Terex Company Profile

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

Get a free copy of the Zacks research report on Terex (TEX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Terex (NYSE:TEX)

Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.


 Comment on this Post

 
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