Ternium (NYSE:TX) Issues Earnings Results, Beats Expectations By $0.23 EPS

Ternium (NYSE:TX) posted its quarterly earnings data on Tuesday. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.23, FiscalAI reports. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.93 billion. Ternium had a net margin of 2.72% and a return on equity of 3.06%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share.

Ternium Price Performance

Shares of TX stock traded up $1.44 on Tuesday, reaching $44.20. The company’s stock had a trading volume of 335,966 shares, compared to its average volume of 249,871. The stock’s fifty day simple moving average is $40.99 and its 200-day simple moving average is $39.79. Ternium has a 1 year low of $27.12 and a 1 year high of $45.57. The company has a current ratio of 2.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 20.46 and a beta of 1.26.

Ternium Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.90 per share. This represents a yield of 413.0%. The ex-dividend date of this dividend is Thursday, May 14th. Ternium’s dividend payout ratio (DPR) is 83.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Atlas Capital Advisors Inc. purchased a new position in Ternium in the fourth quarter valued at about $36,000. Advisory Services Network LLC acquired a new position in shares of Ternium during the 3rd quarter worth approximately $38,000. JPMorgan Chase & Co. raised its stake in shares of Ternium by 142.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock worth $44,000 after buying an additional 736 shares during the period. State of Wyoming acquired a new position in shares of Ternium during the 2nd quarter worth approximately $119,000. Finally, Raymond James Financial Inc. acquired a new position in Ternium in the 2nd quarter valued at $214,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TX shares. Bank of America raised shares of Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, April 13th. Scotiabank reissued a “sector perform” rating and set a $40.00 price target on shares of Ternium in a research note on Thursday, March 26th. Wells Fargo & Company reiterated an “underweight” rating and set a $36.00 price target on shares of Ternium in a report on Wednesday, April 15th. UBS Group boosted their price objective on shares of Ternium from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $49.00 price objective on shares of Ternium in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ternium has a consensus rating of “Moderate Buy” and a consensus target price of $40.94.

Ternium Company Profile

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.