Capacity in market space: Terex Corporation (NYSE: TEX)

Terex Corporation (NYSE: TEX) spotted trading -58.64% off 52-week high price. On the other end, the stock has been noted -1.10% away from the low price over the last 52-weeks. The stock changed -10.37% to recent value of $14.34. The stock transacted 1596581 shares during most recent day however it has an average volume of 752.31K shares. The company has 76.11M of outstanding shares and 67.98M shares were floated in the market.

Terex Corporation (TEX) recently reported fourth quarter 2019 income from continuing operations of $18.5M, or $0.26 per share, on net sales of $885.0M.  In the fourth quarter of 2018, the stated income from continuing operations was $19.6M, or $0.26 per share, on net sales of $1,048.8M.  Income from continuing operations, as adjusted, for the fourth quarter of 2019 was $25.7M, or $0.36 per share. This compares to income from continuing operations, as adjusted, of $59.3M or $0.80 per share in the fourth quarter of 2018. The Glossary at the end of this press release contains further details regarding these non-GAAP measures.

For the full year 2019, Terex stated income from continuing operations of $209.7M, or $2.92 per share, on net sales of $4.4B contrast with income from continuing operations of $241.7M, or $3.14 per share, on net sales of $4.5B for the full year 2018.  Income from continuing operations, as adjusted, for the full year 2019 was $233.5M, or $3.25 per share, contrast with $311.0M, or $4.04 per share for the full year 2018.

AWP’s 2019 results reflected cautious consumer sentiment in the section’s largest markets, North America and Europe. When combined with manufacturing production below retail demand to reduce inventories, operating margins were challenged. Materials Processing delivered strong operational and financial performance with sales increasing about 4% and increasing operating margin to 14%.

“Our fourth quarter operating results were generally in-line with our expectations on lower revenue and reflect continued challenging global market conditions for industrial equipment,” remarked John L. Garrison, Jr., Terex Chairman and CEO.

“In 2019, we focused on safety, strengthening our balance sheet and investing in our products, manufacturing capability and parts and services. Despite the current industrial equipment market challenges, the longer-term outlook for our businesses remains healthy and points to a promising future for Terex,” Mr. Garrison stated. “We are encouraged by the adoption of our equipment in emerging markets and are well-positioned to continue to deliver differentiated solutions to our consumers.”

Mr. Garrison continued, “we expect consumers to remain cautious with their capital expenditure decisions in 2020. We expect full year EPS to be between $1.85 to $2.35 on net sales of about $3.9B.  In addition, we expect full year free cash flow to be about $140M.”

Mr. Garrison concluded, “We remain committed to investing in the development of innovative products and solutions for our consumers, while continuously improving our operational performance. We believe this is a strong formula for long-term shareholder value creation.”

Its earnings per share (EPS) expected to touch remained -9.10% for this year while earning per share for the next 5-years is expected to reach at -10.65%. TEX has a gross margin of 20.40% and an operating margin of 7.70% while its profit margin remained 1.20% for the last 12 months. According to the most recent quarter its current ratio was 2.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -32.13% from the mean of 20 days, -42.08% from mean of 50 days SMA and performed -47.22% from mean of 200 days price. Company’s performance for the week was -10.43%, -46.57% for month and YTD performance remained -51.85%.