Ternium SA (TX) Expected to Post Earnings of $0.57 Per Share
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.
TRADEMARK VIOLATION WARNING: “Ternium SA (TX) Expected to Post Earnings of $0.57 Per Share” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/ternium-sa-tx-expected-to-post-earnings-of-0-57-per-share/1803146.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ternium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium and related companies with Analyst Ratings Network's FREE daily email newsletter.