Ternium (TX) Set to Announce Quarterly Earnings on Wednesday

Ternium (NYSE:TX) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Ternium to post earnings of $1.67 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.79. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.94 billion. Ternium had a return on equity of 10.84% and a net margin of 3.84%. The firm’s revenue was up 39.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. On average, analysts expect Ternium to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Ternium Price Performance

Shares of NYSE TX opened at $42.65 on Tuesday. The stock’s 50-day simple moving average is $40.72 and its two-hundred day simple moving average is $39.66. Ternium has a twelve month low of $35.22 and a twelve month high of $45.58. The firm has a market capitalization of $8.55 billion, a P/E ratio of 12.40 and a beta of 1.69. The company has a quick ratio of 1.86, a current ratio of 3.17 and a debt-to-equity ratio of 0.08.

Ternium Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be given a dividend of $2.20 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a dividend yield of 6.9%. This is a boost from Ternium’s previous Semi-Annual dividend of $1.10. Ternium’s dividend payout ratio (DPR) is 127.91%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their price objective on Ternium from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. TheStreet raised shares of Ternium from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Finally, JPMorgan Chase & Co. upped their price target on Ternium from $48.00 to $51.50 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $50.83.

Ternium Company Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.