Terex Corporation (TEX) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $-0.05 EPS for the quarter. Analysts had a consensus estimate of $-0.05. The company posted revenue of $1426.90 million in the period, compared to analysts expectations of $1320.93 million. The company’s revenue was down -4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
Many Wall Street Analysts have commented on Terex Corporation. Terex Corporation was Downgraded by Avondale to ” Mkt Perform” on Jan 29, 2016.
Terex Corporation opened for trading at $24.46 and hit $24.77 on the upside on Friday, eventually ending the session at $24.51, with a gain of 0.16% or 0.04 points. The heightened volatility saw the trading volume jump to 9,90,183 shares. Company has a market cap of $2,662 M.
In a different news, on Apr 8, 2016, George Ellis (President, Construction) purchased 20 shares at $23.23 per share price. According to the SEC, on Apr 8, 2016, Kevin A Barr (Senior V. P. Human Resources) purchased 10 shares at $23.23 per share price. On Apr 8, 2016, Kevin Bradley (SVP & Chief Financial Officer) purchased 50 shares at $23.23 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.