Media stories about Terex (NYSE:TEX) have been trending somewhat positive on Thursday, according to Accern. Accern rates the sentiment of press coverage by monitoring 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 news impact score of 0.14 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 47.4820738635329 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Why You Shouldn't Bet Against Terex (TEX) Stock (finance.yahoo.com)
- What’s Happening With These Farm & Construction Machinery Stocks? — CNH Industrial, Deere, Terex, and Manitowoc (prnewswire.com)
- Global Apron Feeder Market 2018-2022 – Key Vendors are FLSmidth, Metso, Mining Machinery Developments, Sandvik, Terex & Thyssenkrupp – ResearchAndMarkets.com (markets.financialcontent.com)
- John D. Sheehan Acquires 322 Shares of Terex Co. (TEX) Stock (americanbankingnews.com)
- Why is President Trump fixated on industries of the past? (finance.yahoo.com)
A number of brokerages recently issued reports on TEX. Zacks Investment Research downgraded Terex from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Morgan Stanley began coverage on Terex in a report on Friday, March 2nd. They issued an “equal weight” rating and a $45.00 price target for the company. Robert W. Baird downgraded Terex from an “outperform” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Friday, March 2nd. TheStreet downgraded Terex from a “b” rating to a “c” rating in a report on Wednesday, February 14th. Finally, Credit Suisse Group lowered their price target on Terex from $61.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Terex presently has an average rating of “Hold” and an average target price of $45.27.
Terex (NYSE:TEX) last posted its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $999.18 million. Terex had a return on equity of 8.80% and a net margin of 2.95%. sell-side analysts predict that Terex will post 2.51 EPS for the current fiscal year.
Terex announced that its board has authorized a stock buyback plan on Wednesday, February 7th that permits the company to repurchase $325.00 million in shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be issued a $0.10 dividend. This is an increase from Terex’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, March 8th. Terex’s dividend payout ratio is presently 31.75%.
In other news, insider Steve Filipov sold 8,984 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $43.28, for a total value of $388,827.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eric I. Cohen sold 10,121 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $49.90, for a total value of $505,037.90. Following the completion of the sale, the vice president now directly owns 185,897 shares of the company’s stock, valued at $9,276,260.30. The disclosure for this sale can be found here. Insiders bought 1,044 shares of company stock valued at $44,621 over the last three months. Corporate insiders own 2.50% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was originally published by BBNS and is owned by of BBNS. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://baseballnewssource.com/2018/03/15/terex-tex-receiving-somewhat-positive-media-coverage-accern-reports/2035881.html.
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.
Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.