Equities analysts expect Terex Co. (NYSE:TEX) to announce $0.73 earnings per share for the current quarter, according to Zacks. Nine analysts have made estimates for Terex’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.68. Terex reported earnings per share of $0.50 in the same quarter last year, which would indicate a positive year-over-year growth rate of 46%. The company is scheduled to issue its next quarterly earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that Terex will report full-year earnings of $2.90 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.95. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.75 per share, with EPS estimates ranging from $3.45 to $4.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Terex.

Terex (NYSE:TEX) last posted its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.08. Terex had a net margin of 2.91% and a return on equity of 16.66%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion.

A number of equities analysts recently commented on TEX shares. Seaport Global Securities set a $49.00 price objective on shares of Terex and gave the stock a “buy” rating in a research note on Friday, July 13th. Zacks Investment Research raised shares of Terex from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, July 17th. Jefferies Financial Group raised shares of Terex from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Robert W. Baird lowered shares of Terex from a “neutral” rating to an “underperform” rating and set a $38.00 target price for the company. in a research note on Tuesday, July 10th. Finally, ValuEngine raised shares of Terex from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $45.50.

Terex stock traded up $0.32 during midday trading on Friday, reaching $41.21. The stock had a trading volume of 10,684 shares, compared to its average volume of 1,002,441. Terex has a twelve month low of $35.30 and a twelve month high of $50.17. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.19 and a current ratio of 2.11. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 0.60 and a beta of 1.57.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 19th. Shareholders of record on Thursday, August 9th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, August 8th. Terex’s dividend payout ratio (DPR) is currently 29.63%.

Terex announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the industrial products company to buy up to 8.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

In other Terex news, insider Kevin A. Barr sold 10,000 shares of Terex stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $39.65, for a total transaction of $396,500.00. Following the completion of the sale, the insider now owns 113,908 shares of the company’s stock, valued at approximately $4,516,452.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steve Filipov sold 6,929 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $38.85, for a total transaction of $269,191.65. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,313 shares of company stock valued at $52,641 and have sold 38,866 shares valued at $1,514,531. Company insiders own 3.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Delta Capital Management LLC bought a new position in shares of Terex during the 2nd quarter valued at $212,000. Lido Advisors LLC bought a new position in shares of Terex during the 2nd quarter valued at $246,000. Strs Ohio bought a new position in shares of Terex during the 2nd quarter valued at $307,000. Pinnacle Associates Ltd. raised its holdings in shares of Terex by 32.4% during the 2nd quarter. Pinnacle Associates Ltd. now owns 8,170 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 2,001 shares in the last quarter. Finally, GAM Holding AG bought a new position in shares of Terex during the 2nd quarter valued at $360,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

About Terex

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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