Equities analysts expect that Ternium SA (NYSE:TX) will report earnings of $0.57 per share for the current quarter, Zacks reports. Zero analysts have made estimates for Ternium’s earnings. Ternium reported earnings of $0.60 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 5%. The firm is expected to report its next quarterly earnings report on Tuesday, February 20th.

On average, analysts expect that Ternium will report full year earnings of $3.98 per share for the current fiscal year, with EPS estimates ranging from $3.72 to $4.23. For the next fiscal year, analysts forecast that the business will post earnings of $3.30 per share, with EPS estimates ranging from $2.96 to $3.78. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Ternium.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.33. Ternium had a net margin of 9.86% and a return on equity of 15.49%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. Ternium’s revenue for the quarter was up 33.6% on a year-over-year basis.

Several equities analysts have commented on TX shares. Zacks Investment Research lowered shares of Ternium from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 4th. Santander upgraded shares of Ternium from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Finally, Morgan Stanley upgraded shares of Ternium from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $31.10.

A number of hedge funds have recently added to or reduced their stakes in TX. Schwab Charles Investment Management Inc. lifted its position in Ternium by 7.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 93,984 shares of the basic materials company’s stock valued at $2,641,000 after purchasing an additional 6,830 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Ternium in the second quarter valued at $204,000. JPMorgan Chase & Co. raised its stake in shares of Ternium by 174.2% in the second quarter. JPMorgan Chase & Co. now owns 906,696 shares of the basic materials company’s stock valued at $25,469,000 after acquiring an additional 576,021 shares during the period. CIBC World Markets Inc. purchased a new stake in shares of Ternium in the second quarter valued at $452,000. Finally, Wells Fargo & Company MN raised its stake in shares of Ternium by 0.3% in the second quarter. Wells Fargo & Company MN now owns 685,289 shares of the basic materials company’s stock valued at $19,250,000 after acquiring an additional 2,064 shares during the period. Institutional investors and hedge funds own 19.26% of the company’s stock.

Shares of Ternium (NYSE TX) traded down $0.51 during trading hours on Monday, hitting $32.77. 470,100 shares of the company were exchanged, compared to its average volume of 422,914. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Ternium has a 12-month low of $22.17 and a 12-month high of $34.03. The company has a market capitalization of $6,670.00, a price-to-earnings ratio of 7.80 and a beta of 1.09.

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Ternium Company Profile

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

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