Ternium (NYSE:TX) Releases Quarterly Earnings Results, Misses Estimates By $0.37 EPS

Ternium (NYSE:TX) released its quarterly earnings results on Tuesday. The basic materials company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.37), Zacks reports. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Ternium had a return on equity of 5.77% and a net margin of 5.74%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS.

Ternium Price Performance

TX traded up $0.55 during trading on Friday, reaching $49.19. The company’s stock had a trading volume of 954,600 shares, compared to its average volume of 419,095. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 0.14 and a beta of 1.17. The firm has a fifty day simple moving average of $56.04 and a two-hundred day simple moving average of $47.78. Ternium has a 1 year low of $35.12 and a 1 year high of $60.21. The company has a quick ratio of 1.43, a current ratio of 2.55 and a debt-to-equity ratio of 0.15.

Ternium Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, November 20th. Shareholders of record on Monday, November 16th will be paid a $0.90 dividend. This represents a yield of 349.0%. The ex-dividend date of this dividend is Monday, November 16th. Ternium’s dividend payout ratio (DPR) is 36.89%.

Analyst Ratings Changes

TX has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on Ternium from $60.50 to $67.50 and gave the stock an “overweight” rating in a research note on Friday, September 4th. UBS Group lifted their price target 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. Zacks Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 13th. Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Finally, Scotiabank raised their target price on Ternium from $40.00 to $57.00 and gave the company a “sector perform” rating in a research report on Friday. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.17.

Ternium Company Profile

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.