Revenue Update on Terex Corporation(NYSE:TEX)

Terex Corporation(NYSE:TEX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $1.30B. Analysts estimated a revenue of $1.61B. Earnings per share were $0.64. Analysts had estimated an EPS of $0.54.

In a different note, On Jul 11, 2016, Barclays said it Maintains its rating on Terex Corporation. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jun 8, 2016, Goldman Sachs said it Reinstates its rating on Terex Corporation. The shares have been rated ‘Buy’ by the firm. On May 31, 2016, Morgan Stanley said it Downgrades its rating on Terex Corporation. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On May 31, 2016, Jefferies said it Maintains its rating on Terex Corporation. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Evercore ISI Group said it Downgrades its rating on Terex Corporation. The shares have been rated ‘Hold’ by the firm. On May 17, 2016, Baird said it Upgrades its rating on Terex Corporation. The shares have been rated ‘Outperform’ by the firm.

Terex Corporation (TEX) made into the market gainers list on Mondays trading session with the shares advancing 0.08% or 0.02 points. Due to strong positive momentum, the stock ended at $24.45, which is also near the day’s high of $24.63. The stock began the session at $24.35 and the volume stood at 15,61,561 shares. The 52-week high of the shares is $27.11 and the 52 week low is $13.62. The company has a current market capitalization of $2,650 M and it has 10,84,00,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, Kenneth D. Lousberg (President, Terex Cranes) purchased 86 shares at $20.01 per share price.Also, On Jul 12, 2016, Brian J Henry (SVP Finance, Bus Development) purchased 115 shares at $20.01 per share price.On Jul 12, 2016, George Ellis (President, Construction) purchased 23 shares at $20.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications including the construction infrastructure quarrying mining manufacturing transportation energy and utility industries. The Company operates in business segments: Aerial Work Platforms Construction Cranes Material Handling & Port Solutions and Materials Processing. Its products are manufactured in North and South America Europe Australia and Asia and sold across the world. It offers a range of products including portable material lifts telehandlers wheel loaders midi excavators site dumpers tower cranes utility equipment industrial cranes reach stackers washing systems chippers and sprinter carriers among others. Its brands include Terex Genie Demag and Powerscreen.

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