Ternium (NYSE:TX) Issues Quarterly Earnings Results

Ternium (NYSE:TX) posted its earnings results on Tuesday. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.23, Zacks reports. Ternium had a return on equity of 3.06% and a net margin of 2.72%.The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year.

Ternium Trading Up 4.6%

Shares of Ternium stock opened at $46.16 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.49 and a quick ratio of 1.45. Ternium has a 1 year low of $27.12 and a 1 year high of $45.57. The firm has a market cap of $9.25 billion, a PE ratio of 21.30 and a beta of 1.26. The company has a 50 day simple moving average of $40.99 and a two-hundred day simple moving average of $39.79.

Ternium Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, May 14th. This represents a yield of 413.0%. Ternium’s payout ratio is presently 83.33%.

Institutional Trading of Ternium

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Atlas Capital Advisors Inc. purchased a new position in Ternium in the fourth quarter worth $36,000. Advisory Services Network LLC purchased a new stake in Ternium during the third quarter valued at about $38,000. JPMorgan Chase & Co. lifted its stake in Ternium by 142.1% during the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 736 shares during the last quarter. State of Wyoming bought a new stake in Ternium during the second quarter worth about $119,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Ternium in the 2nd quarter worth about $214,000. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company restated an “underweight” rating and issued a $36.00 price objective on shares of Ternium in a research report on Wednesday, April 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $49.00 target price on shares of Ternium in a report on Friday, April 24th. UBS Group increased their target price on shares of Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Scotiabank reissued a “sector perform” rating and issued a $40.00 price target on shares of Ternium in a report on Thursday, March 26th. Finally, Zacks Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.94.

Ternium Company Profile

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot?rolled and cold?rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.