Terex Co. (NYSE:TEX) – Research analysts at Seaport Global Securities increased their Q1 2018 earnings per share estimates for shares of Terex in a research note issued on Tuesday. Seaport Global Securities analyst M. Shlisky now expects that the industrial products company will post earnings per share of $0.36 for the quarter, up from their prior estimate of $0.19. Seaport Global Securities also issued estimates for Terex’s FY2019 earnings at $3.19 EPS.
Terex (NYSE:TEX) last announced its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. Terex had a return on equity of 8.80% and a net margin of 2.95%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $999.18 million.
Terex (TEX) opened at $42.84 on Thursday. Terex has a 12 month low of $28.67 and a 12 month high of $50.17. The company has a market capitalization of $3,630.00, a price-to-earnings ratio of 34.00, a PEG ratio of 1.02 and a beta of 1.71. The company has a quick ratio of 1.53, a current ratio of 2.30 and a debt-to-equity ratio of 0.80.
Terex declared that its board has authorized a stock buyback program on Wednesday, February 7th that allows the company to repurchase $325.00 million in shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be given a dividend of $0.10 per share. This is a positive change from Terex’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, March 8th. Terex’s dividend payout ratio (DPR) is currently 25.40%.
In related news, 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 transaction of $505,037.90. Following the completion of the transaction, the vice president now directly owns 185,897 shares of the company’s stock, valued at approximately $9,276,260.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have purchased 987 shares of company stock valued at $44,638. 2.50% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of Terex by 388.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,550 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 2,028 shares in the last quarter. Landaas & Co. WI ADV raised its position in shares of Terex by 602.6% in the 4th quarter. Landaas & Co. WI ADV now owns 3,513 shares of the industrial products company’s stock worth $169,000 after acquiring an additional 3,013 shares in the last quarter. Pacer Advisors Inc. raised its position 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 worth $200,000 after acquiring an additional 3,638 shares in the last quarter. Investors Research Corp bought a new position in shares of Terex in the 4th quarter worth about $203,000. Finally, Invictus RG raised its position 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 worth $208,000 after acquiring an additional 2,255 shares in the last quarter. 94.09% of the stock is owned by institutional investors and hedge funds.
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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