Zacks Research Has Bullish Forecast for Terex Q3 Earnings

Terex Corporation (NYSE:TEX) – Zacks Research boosted their Q3 2028 earnings estimates for shares of Terex in a report issued on Wednesday, September 23rd. Zacks Research analyst Team now expects that the industrial products company will post earnings per share of $1.73 for the quarter, up from their previous estimate of $1.71. The consensus estimate for Terex’s current full-year earnings is $5.00 per share.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS.

Several other equities analysts have also recently issued reports on TEX. JPMorgan Chase & Co. lowered their price target on Terex from $80.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Wall Street Zen upgraded Terex from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $86.00 target price on shares of Terex in a research note on Monday, August 3rd. Barclays lifted their target price on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Truist Financial boosted their price target on shares of Terex from $92.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.91.

Terex Stock Performance

TEX opened at $56.73 on Friday. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 0.86 and a beta of 1.47. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93. Terex has a 1-year low of $41.70 and a 1-year high of $74.69. The business has a 50 day moving average price of $62.42 and a two-hundred day moving average price of $62.68.

Institutional Investors Weigh In On Terex

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Terex during the second quarter worth $1,063,541,000. Dimensional Fund Advisors LP raised its holdings in Terex by 29.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock worth $262,527,000 after buying an additional 1,008,444 shares during the period. Geode Capital Management LLC lifted its stake in Terex by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock valued at $86,326,000 after buying an additional 6,707 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in Terex during the second quarter valued at about $116,558,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Terex by 11,448.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock worth $73,220,000 after buying an additional 1,228,196 shares during the period. 92.88% of the stock is owned by institutional investors.

About Terex

Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.

Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.