Brokers Set Expectations for Terex’s Q1 Earnings (NYSE:TEX)

Terex Corporation (NYSE:TEX) – Research analysts at Zacks Research cut their Q1 2027 EPS estimates for Terex in a note issued to investors on Thursday, November 12th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $0.97 for the quarter, down from their previous forecast of $1.07. The consensus estimate for Terex’s current full-year earnings is $4.92 per share. Zacks Research also issued estimates for Terex’s Q3 2027 earnings at $1.63 EPS, Q1 2028 earnings at $1.21 EPS, Q2 2028 earnings at $1.86 EPS and Q3 2028 earnings at $1.79 EPS.

Several other brokerages have also recently issued reports on TEX. Wall Street Zen cut Terex from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Truist Financial reaffirmed a “buy” rating and set a $87.00 target price (up from $85.00) on shares of Terex in a report on Thursday, October 29th. Barclays lifted their price target on Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Wells Fargo & Company decreased their price target on Terex from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Monday, October 26th. Finally, Citigroup dropped their price objective on shares of Terex from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.10.

Terex Stock Performance

NYSE TEX opened at $57.54 on Friday. The stock has a 50-day simple moving average of $55.94 and a two-hundred day simple moving average of $61.72. The firm has a market capitalization of $6.47 billion, a P/E ratio of 29.06, a PEG ratio of 1.07 and a beta of 1.48. Terex has a fifty-two week low of $41.70 and a fifty-two week high of $74.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.76.

Terex (NYSE:TEX) last posted its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.42 by $0.08. Terex had a net margin of 2.64% and a return on equity of 11.79%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the company earned $1.50 earnings per share. The firm’s revenue was up 58.4% on a year-over-year basis.

Hedge Funds Weigh In On Terex

A number of hedge funds have recently bought and sold shares of TEX. BlackRock Inc. acquired a new stake in Terex in the second quarter valued at approximately $1,063,541,000. Allspring Global Investments Holdings LLC raised its stake in shares of Terex by 15,440.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,773,516 shares of the industrial products company’s stock worth $97,437,000 after buying an additional 1,762,104 shares during the period. Freestone Grove Partners LP acquired a new position in shares of Terex during the 2nd quarter worth approximately $116,558,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Terex by 11,448.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock worth $73,220,000 after buying an additional 1,228,196 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Terex by 29.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock valued at $262,527,000 after buying an additional 1,008,444 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 9th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, November 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. Terex’s dividend payout ratio is presently 34.34%.

About Terex

Terex Corporation designs, manufactures and supports equipment used in construction, infrastructure, utilities, materials processing and environmental services. Its products include aerial work platforms and machinery for crushing, screening, washing and conveying materials, along with equipment for waste handling and other specialized applications. The company sells equipment and aftermarket services worldwide through a portfolio of brands that includes Genie, Powerscreen, Finlay and Terex. Its customers include contractors, equipment rental companies, municipalities and businesses involved in mining, recycling and infrastructure work.