Terex (TEX) Projected to Post Earnings on Thursday

Terex (NYSE:TEX) is projected to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.76 per share and revenue of $1.23 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Terex Stock Performance

Shares of TEX opened at $47.48 on Wednesday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 4.51 and a beta of 1.54. The business’s fifty day simple moving average is $48.18 and its two-hundred day simple moving average is $52.32. Terex has a 12 month low of $43.50 and a 12 month high of $68.08. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TEX shares. Citigroup reduced their price objective on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Robert W. Baird reduced their price target on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Truist Financial lowered their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.63.

Insider Activity

In other news, Director David A. Sachs purchased 20,000 shares of the stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $49.75 per share, with a total value of $995,000.00. Following the completion of the acquisition, the director now directly owns 137,500 shares of the company’s stock, valued at $6,840,625. This trade represents a 17.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the transaction, the chief executive officer now owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

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.