Terex Co. (NYSE:TEX) – Research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of Terex in a research report issued on Wednesday. KeyCorp analyst S. Barger forecasts that the industrial products company will earn $0.40 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Terex’s Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.54 EPS, Q1 2019 earnings at $0.57 EPS and Q2 2019 earnings at $1.16 EPS.
Terex (NYSE:TEX) last released its earnings results on Wednesday, February 14th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $999.18 million. Terex had a return on equity of 8.80% and a net margin of 2.95%.
Terex (TEX) opened at $41.03 on Monday. The firm has a market capitalization of $3,450.00, a P/E ratio of 63.12, a PEG ratio of 0.99 and a beta of 1.71. Terex has a 1 year low of $28.67 and a 1 year high of $50.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.30 and a quick ratio of 1.53.
Terex announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 7th that permits the company to repurchase $325.00 million in shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.10 per share. This is a boost from Terex’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.40 annualized dividend and a yield of 0.97%. Terex’s dividend payout ratio (DPR) is 49.23%.
In other Terex news, VP Mark I. Clair sold 3,014 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total transaction of $137,227.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eric I. Cohen sold 10,121 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $49.90, for a total value of $505,037.90. Following the sale, the vice president now directly owns 185,897 shares of the company’s stock, valued at approximately $9,276,260.30. The disclosure for this sale can be found here. In the last three months, insiders have acquired 987 shares of company stock valued at $44,638. 2.50% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of TEX. Systematic Financial Management LP acquired a new stake in Terex during the third quarter worth $42,612,000. Prudential Financial Inc. increased its stake in Terex by 208.0% during the third quarter. Prudential Financial Inc. now owns 835,582 shares of the industrial products company’s stock worth $37,618,000 after acquiring an additional 564,300 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Terex by 27.4% during the third quarter. JPMorgan Chase & Co. now owns 2,241,830 shares of the industrial products company’s stock worth $100,591,000 after acquiring an additional 481,903 shares during the last quarter. Sadoff Investment Management LLC acquired a new stake in Terex during the fourth quarter worth $21,687,000. Finally, OppenheimerFunds Inc. increased its stake in Terex by 1,430.4% during the fourth quarter. OppenheimerFunds Inc. now owns 397,958 shares of the industrial products company’s stock worth $19,190,000 after acquiring an additional 371,955 shares during the last quarter. 94.09% of the stock is owned by institutional investors.
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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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