A new trading day began on January 24, 2023, with Terex Corporation (NYSE: TEX) stock priced at $47.91, up 2.74% from the previous day of trading. During the day, the shares moved up to $49.42 and dropped to $47.32 before settling in for the closing price of $47.83. TEX’s price has ranged from $26.64 to $48.51 over the past 52 weeks.
A company in the Industrials sector has dropped its sales by -2.60% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 34.20%. With a float of $65.25 million, this company’s outstanding shares have now reached $67.80 million.
In an organization with 8600 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +19.10, operating margin of +8.21, and the pretax margin is +6.79.
Terex Corporation (TEX) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Farm & Heavy Construction Machinery Industry. The insider ownership of Terex Corporation is 0.70%, while institutional ownership is 92.50%. The most recent insider transaction that took place on Nov 18, was worth 225,900. In this transaction Senior V.P. Human Resources of this company sold 5,000 shares at a rate of $45.18, taking the stock ownership to the 104,323 shares. Before that another transaction happened on Nov 18, when Company’s Senior V.P., Gen Counsel Sec. sold 2,500 for $44.68, making the entire transaction worth $111,700. This insider now owns 62,065 shares in total.
Terex Corporation (TEX) Latest Financial update
In its latest quarterly report, released on 9/29/2022, the company reported earnings of $1.2 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +5.60 while generating a return on equity of 21.42. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.96 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 34.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.10% during the next five years compared to 30.00% growth over the previous five years of trading.
Terex Corporation (NYSE: TEX) Trading Performance Indicators
Here are Terex Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.82, a number that is poised to hit 1.13 in the next quarter and is forecasted to reach 4.78 in one year’s time.
Technical Analysis of Terex Corporation (TEX)
Let’s dig in a bit further. During the last 5-days, its volume was 0.67 million. That was inferior than the volume of 0.71 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 82.48%. Additionally, its Average True Range was 1.61.
During the past 100 days, Terex Corporation’s (TEX) raw stochastic average was set at 98.64%, which indicates a significant increase from 96.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.42% in the past 14 days, which was lower than the 40.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.51, while its 200-day Moving Average is $36.21. However, in the short run, Terex Corporation’s stock first resistance to watch stands at $49.93. Second resistance stands at $50.73. The third major resistance level sits at $52.03. If the price goes on to break the first support level at $47.83, it is likely to go to the next support level at $46.53. The third support level lies at $45.73 if the price breaches the second support level.
Terex Corporation (NYSE: TEX) Key Stats
With a market capitalization of 3.21 billion, the company has a total of 67,500K Shares Outstanding. Currently, annual sales are 3,887 M while annual income is 220,900 K. The company’s previous quarter sales were 1,121 M while its latest quarter income was 81,800 K.