Wall Street brokerages forecast that Terex Co. (NYSE:TEX) will announce sales of $999.18 million for the current quarter, according to Zacks. Nine analysts have provided estimates for Terex’s earnings. The lowest sales estimate is $990.50 million and the highest is $1.04 billion. Terex reported sales of $974.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 20th.
On average, analysts expect that Terex will report full year sales of $999.18 million for the current financial year, with estimates ranging from $4.29 billion to $4.34 billion. For the next fiscal year, analysts anticipate that the company will report sales of $4.58 billion per share, with estimates ranging from $4.50 billion to $4.69 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Terex.
Terex (NYSE:TEX) last announced its earnings results on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.14. Terex had a negative net margin of 2.62% and a positive return on equity of 7.01%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $0.19 EPS. The business’s revenue was up 5.2% compared to the same quarter last year.
In related news, VP Mark I. Clair sold 3,014 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $45.53, for a total value of $137,227.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders purchased 964 shares of company stock valued at $44,623. 2.50% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of TEX. PNC Financial Services Group Inc. increased its position in Terex by 4.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,825 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 262 shares during the period. Cowen Inc. acquired a new position in Terex in the 3rd quarter valued at approximately $675,000. AHL Partners LLP increased its position in Terex by 7.6% in the 2nd quarter. AHL Partners LLP now owns 77,063 shares of the industrial products company’s stock valued at $2,890,000 after acquiring an additional 5,423 shares during the period. Oakbrook Investments LLC acquired a new position in Terex in the 3rd quarter valued at approximately $320,000. Finally, Swiss National Bank increased its position in Terex by 1.4% in the 2nd quarter. Swiss National Bank now owns 177,000 shares of the industrial products company’s stock valued at $6,638,000 after acquiring an additional 2,500 shares during the period. 96.86% of the stock is owned by institutional investors and hedge funds.
Shares of Terex (NYSE:TEX) traded up $0.13 during trading hours on Wednesday, hitting $47.42. 1,100,300 shares of the company’s stock were exchanged, compared to its average volume of 837,767. Terex has a 1 year low of $28.67 and a 1 year high of $48.92. The firm has a market cap of $3,990.00, a price-to-earnings ratio of -24.70, a PEG ratio of 1.87 and a beta of 1.89. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.53 and a current ratio of 2.42.
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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