Equities analysts forecast that Terex Co. (NYSE:TEX) will post sales of $1.28 billion for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Terex’s earnings. The lowest sales estimate is $1.26 billion and the highest is $1.30 billion. Terex posted sales of $1.11 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 15.3%. The company is expected to announce its next quarterly earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that Terex will report full year sales of $5.14 billion for the current fiscal year, with estimates ranging from $5.13 billion to $5.18 billion. For the next fiscal year, analysts expect that the firm will post sales of $5.36 billion per share, with estimates ranging from $5.13 billion to $5.63 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Terex.

Terex (NYSE:TEX) last announced its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. Terex had a net margin of 2.91% and a return on equity of 16.66%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion.

TEX has been the topic of several analyst reports. Goldman Sachs Group lowered shares of Terex from a “neutral” rating to a “sell” rating in a report on Wednesday, June 13th. Robert W. Baird lowered shares of Terex from a “neutral” rating to an “underperform” rating and set a $38.00 target price on the stock. in a report on Tuesday, July 10th. Credit Suisse Group upped their target price on shares of Terex from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, May 3rd. Citigroup lowered their target price on shares of Terex from $41.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, May 4th. Finally, Vertical Research raised shares of Terex from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.00.

Shares of TEX traded up $0.39 during trading hours on Tuesday, hitting $38.32. The stock had a trading volume of 27,029 shares, compared to its average volume of 1,564,566. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.19 and a current ratio of 2.11. Terex has a 52 week low of $35.30 and a 52 week high of $50.17. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 0.58 and a beta of 1.62.

Terex declared that its board has initiated a share repurchase plan on Thursday, July 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Thursday, August 9th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.04%. Terex’s payout ratio is presently 29.63%.

In other Terex news, Director Paula H. Cholmondeley sold 16,214 shares of the company’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $41.29, for a total transaction of $669,476.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Brian J. Henry sold 5,000 shares of the company’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $40.75, for a total transaction of $203,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 1,079 shares of company stock worth $45,136 and have sold 33,716 shares worth $1,378,307. Corporate insiders own 3.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in TEX. BlackRock Inc. raised its position in shares of Terex by 5.9% in the 1st quarter. BlackRock Inc. now owns 7,277,665 shares of the industrial products company’s stock valued at $272,258,000 after acquiring an additional 404,164 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Terex in the 2nd quarter valued at approximately $16,876,000. Bank of Montreal Can raised its position in shares of Terex by 836.0% in the 2nd quarter. Bank of Montreal Can now owns 405,341 shares of the industrial products company’s stock valued at $17,101,000 after acquiring an additional 362,037 shares during the period. UBS Group AG raised its position in shares of Terex by 374.6% in the 1st quarter. UBS Group AG now owns 259,259 shares of the industrial products company’s stock valued at $9,698,000 after acquiring an additional 353,658 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Terex in the 1st quarter valued at approximately $10,678,000. Institutional investors own 92.24% of the company’s stock.

About Terex

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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Earnings History and Estimates for Terex (NYSE:TEX)

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