Terex Corporation (NYSE:TEX) Given Price Target Of $23.4


As per Terex Corporation (NYSE:TEX)’s news release on 2016-07-15, its shareholders will get cash dividend of $0.07 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-10 and 2016-09-19, respectively.

The stock will commence trading ex-dividend from 2016-08-08, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Terex Corporation (NYSE:TEX) disbursed $0.07 in dividend compared to distribution of $0.07, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 20%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Terex Corporation (NYSE:TEX) to attain a price target of $23.4. It is an average estimate figure given by 10 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $29. The low price range is set at $20 for next year while the arithmetic mean is seen at 2.58.

Eyeing Earnings Terex Corporation (NYSE:TEX) is likely to post quarterly numbers around 2016-10-18 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.21 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Terex Corporation (NYSE:TEX) earnings came at $0.64 suggesting a deviation of $0.11. The brokerages targeted EPS of $0.53 for the quarter.

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