Press coverage about Terex (NYSE:TEX) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Terex earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.8168816243485 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Insider Buying: Terex Corporation (TEX) Insider Acquires 273 Shares of Stock (americanbankingnews.com)
- Brokerages Anticipate Terex Corporation (TEX) Will Post Quarterly Sales of $999.17 Million (americanbankingnews.com)
- Greif (GEF) Beats on Q4 Earnings & Sales, Issues FY18 View (msn.com)
- Dennard Lascar Celebrates 20th Anniversary of Providing Investor Relations Counsel (bizjournals.com)
- Can Terex (TEX) Keep the Earnings Streak Alive This Quarter? – Nasdaq (nasdaq.com)
Several research analysts recently issued reports on the company. OTR Global upgraded Terex to a “positive” rating in a research report on Tuesday. ValuEngine downgraded Terex from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Bank of America cut their price objective on Terex from $42.00 to $40.00 and set an “underperform” rating for the company in a research report on Wednesday, November 8th. KeyCorp restated a “hold” rating on shares of Terex in a research report on Wednesday, November 1st. Finally, Wells Fargo & Company set a $52.00 price objective on Terex and gave the stock a “buy” rating in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.93.
Terex (TEX) traded up $0.59 during mid-day trading on Thursday, reaching $45.91. 936,509 shares of the company’s stock traded hands, compared to its average volume of 1,440,837. The stock has a market cap of $3,868.60, a PE ratio of 40.71, a P/E/G ratio of 3.18 and a beta of 1.88. 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 12-month low of $28.67 and a 12-month high of $48.86.
Terex (NYSE:TEX) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $0.19 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. equities analysts anticipate that Terex will post 1.29 earnings per share for the current year.
Terex announced that its Board of Directors has initiated a stock buyback plan on Wednesday, September 6th that authorizes the company to buyback $225.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 6.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.70%. Terex’s dividend payout ratio is presently -37.21%.
In other news, insider Kevin A. Barr sold 2,682 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $43.05, for a total transaction of $115,460.10. Following the completion of the sale, the insider now directly owns 126,762 shares of the company’s stock, valued at approximately $5,457,104.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brian J. Henry sold 10,154 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $40.00, for a total transaction of $406,160.00. Following the sale, the senior vice president now directly owns 313,263 shares of the company’s stock, valued at $12,530,520. The disclosure for this sale can be found here. Over the last three months, insiders have bought 1,111 shares of company stock valued at $50,693 and have sold 54,737 shares valued at $2,308,703. 2.50% of the stock is owned by insiders.
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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