Terex (TEX): Heavy Pre-Market Activity
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Terex as such a stock due to the following factors:
- TEX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $40.1 million.
- TEX traded 317,400 shares today in the pre-market hours as of 8:00 AM, representing 15.4% of its average daily volume.
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More details on TEX:
Terex Corporation operates as a lifting and material handling solutions company. The stock currently has a dividend yield of 1.1%. TEX has a PE ratio of 37. Currently there are 6 analysts that rate Terex a buy, no analysts rate it a sell, and 8 rate it a hold.
The average volume for Terex has been 1.6 million shares per day over the past 30 days. Terex has a market cap of $2.7 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.73 and a short float of 1.5% with 0.74 days to cover. Shares are up 36.4% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Terex as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.
Highlights from the ratings report include:
- The debt-to-equity ratio is somewhat low, currently at 0.99, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.82 is somewhat weak and could be cause for future problems.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 14.0%. Since the same quarter one year prior, revenues slightly dropped by 4.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- TEREX CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, TEREX CORP reported lower earnings of $1.30 versus $2.26 in the prior year. This year, the market expects an improvement in earnings ($1.36 versus $1.30).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Machinery industry. The net income has significantly decreased by 7180.0% when compared to the same quarter one year ago, falling from $1.00 million to -$70.80 million.
- The share price of TEREX CORP has not done very well: it is down 11.30% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.
- You can view the full Terex Ratings Report.
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