Terex (TEX) Expected to Release Earnings on Thursday

Terex (NYSE:TEX) is expected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Terex to post earnings of $0.76 per share and revenue of $1.23 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Terex Price Performance

Terex stock opened at $46.00 on Tuesday. The company’s 50 day simple moving average is $48.32 and its 200-day simple moving average is $52.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. Terex has a 1 year low of $43.50 and a 1 year high of $68.08. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 4.51 and a beta of 1.55.

Analyst Ratings Changes

Several research firms have recently commented on TEX. Citigroup lowered their price target on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Truist Financial lowered their target price on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. cut their price target on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Robert W. Baird lowered their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $56.63.

Insider Buying and Selling

In related news, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the sale, the chief executive officer now owns 127,858 shares in the company, valued at $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Sachs purchased 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $49.75 per share, with a total value of $995,000.00. Following the completion of the acquisition, the director now directly owns 137,500 shares of the company’s stock, valued at $6,840,625. This represents a 17.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.