Ternium (NYSE:TX) Issues Earnings Results, Misses Expectations By $0.37 EPS

Ternium (NYSE:TX) posted its earnings results on Tuesday. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.37), Zacks reports. The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Ternium had a net margin of 5.74% and a return on equity of 5.82%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share.

Ternium Trading Down 1.8%

TX stock opened at $50.47 on Thursday. The company has a market capitalization of $10.12 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 0.14 and a beta of 1.17. Ternium has a one year low of $35.12 and a one year high of $60.21. The company’s 50 day moving average price is $56.17 and its two-hundred day moving average price is $47.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.43 and a current ratio of 2.58.

Ternium Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 16th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a yield of 349.0%. Ternium’s dividend payout ratio is 73.03%.

Wall Street Analyst Weigh In

TX has been the topic of a number of research analyst reports. Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 13th. Weiss Ratings raised shares of Ternium from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. increased 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. Wall Street Zen upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Finally, HSBC cut shares of Ternium from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $53.00 to $55.00 in a research note on Friday, August 21st. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $55.72.

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.