With 1.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.86 million shares. The 52-week range on TEX shows that it touched its highest point at $68.08 and its lowest point at $36.15 during that stretch. It currently has a 1-year price target of $51.73. With its current market cap of 2.59 billion, TEX has annualized dividend of $0.68 while the current yield stands at 1.74%. Beta for the stock currently stands at 1.42.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TEX was down-trending over the past week, with a drop of -7.90%, but this was down by -15.05% over a month. Three-month performance dropped to -28.69% while six-month performance fell -31.18%. The stock lost -31.08% in the past year, while it has lost -15.47% so far this year. A look at the trailing 12-month EPS for TEX yields 4.95 with Next year EPS estimates of 5.70. For the next quarter, that number is 0.53. This implies an EPS growth rate of -20.81% for this year and 17.78% for next year. EPS is expected to grow by 2.91% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 45.64%.
Float and Shares Shorts:
At present, 65.70 million TEX shares are outstanding with a float of 64.64 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TEX since 6 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.18662 being high and $5.87877 being low. For TEX, this leads to a yearly average estimate of $6.04759. Based on analyst estimates, the high estimate for the next quarter is $1.88 and the low estimate is $1.36. The average estimate for the next quarter is thus $1.58.
Summary of Insider Activity:
Insiders traded TEX stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
