Ternium (NYSE:TX) Issues Quarterly Earnings Results

Ternium (NYSE:TX) announced its quarterly earnings data on Tuesday. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.47), Zacks reports. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. Ternium had a return on equity of 4.26% and a net margin of 4.37%.

Ternium Stock Performance

Ternium stock traded down $0.54 during mid-day trading on Tuesday, reaching $51.60. The company’s stock had a trading volume of 435,722 shares, compared to its average volume of 408,724. The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.14. Ternium has a twelve month low of $35.12 and a twelve month high of $60.21. The business has a 50 day moving average price of $56.32 and a 200-day moving average price of $47.65. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.15 and a beta of 1.17.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TX. UBS Group upped their target price on shares of Ternium from $56.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Weiss Ratings raised Ternium from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. upped their price objective on Ternium from $60.50 to $67.50 and gave the company an “overweight” rating in a research note on Friday, September 4th. Wall Street Zen upgraded Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, Zacks Research downgraded Ternium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 13th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ternium currently has an average rating of “Moderate Buy” and a consensus target price of $55.72.

About Ternium

Ternium SA is a steel producer serving customers primarily in the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, galvanized and pre-painted steel, hot- and cold-rolled products, steel bars, wire rod, and tubular products.

Ternium supplies industries such as construction, automotive, appliance manufacturing, energy, transportation, and agriculture. Its operations include iron ore mining, steelmaking, rolling, coating, processing, and distribution, allowing it to offer both commodity and higher-value-added steel products.

The company has industrial and commercial operations across Latin America, including Mexico, Brazil, Argentina, Colombia, and other markets in the region, as well as a presence in the United States and Central America.