KeyCorp Weighs in on Terex Co.’s FY2018 Earnings (TEX)

Terex Co. (NYSE:TEX) – Stock analysts at KeyCorp increased their FY2018 EPS estimates for Terex in a research report issued on Thursday. KeyCorp analyst S. Barger now expects that the industrial products company will earn $2.46 per share for the year, up from their previous estimate of $2.32. KeyCorp currently has a “Hold” rating on the stock.

Other analysts have also recently issued research reports about the stock. Barclays began coverage on shares of Terex in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $50.00 price objective for the company. ValuEngine cut shares of Terex from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of Terex from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Robert W. Baird restated a “buy” rating and issued a $52.00 price objective on shares of Terex in a research report on Thursday, December 21st. Finally, Bank of America lowered their target price on Terex from $42.00 to $40.00 and set an “underperform” rating for the company in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $44.71.

Shares of Terex (NYSE TEX) opened at $49.79 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.42 and a quick ratio of 1.53. Terex has a 1 year low of $28.67 and a 1 year high of $49.90. The company has a market cap of $4,187.34, a price-to-earnings ratio of -57.90, a P/E/G ratio of 1.96 and a beta of 1.89.

Terex (NYSE:TEX) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.50 EPS for the quarter, beating 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 business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company earned $0.19 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in shares of Terex by 4.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,825 shares of the industrial products company’s stock worth $220,000 after buying an additional 262 shares during the last quarter. Flinton Capital Management LLC boosted its stake in shares of Terex by 3.7% during the 2nd quarter. Flinton Capital Management LLC now owns 17,068 shares of the industrial products company’s stock worth $640,000 after buying an additional 612 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Terex by 0.8% during the 3rd quarter. Legal & General Group Plc now owns 172,062 shares of the industrial products company’s stock worth $7,744,000 after buying an additional 1,293 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Terex by 8.2% during the 2nd quarter. Amalgamated Bank now owns 18,139 shares of the industrial products company’s stock worth $680,000 after buying an additional 1,379 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Terex by 52.9% during the 3rd quarter. Sei Investments Co. now owns 5,812 shares of the industrial products company’s stock worth $262,000 after buying an additional 2,012 shares during the last quarter. Institutional investors own 96.85% of the company’s stock.

In other Terex news, VP Mark I. Clair sold 3,014 shares of the stock in a transaction dated 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 accessible through the SEC website. In the last quarter, insiders have acquired 964 shares of company stock valued at $44,623. Corporate insiders own 2.50% of the company’s stock.

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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.

Earnings History and Estimates for Terex (NYSE:TEX)

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