Ternium (NYSE:TX) Issues Earnings Results

Ternium (NYSE:TX) released its quarterly earnings data on Wednesday. The basic materials company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.54, Briefing.com reports. Ternium had a net margin of 3.84% and a return on equity of 10.84%. The company had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.77 billion. During the same quarter in the previous year, the company earned $1.91 earnings per share. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis.

Ternium Price Performance

TX traded up $0.06 on Thursday, reaching $42.21. 243,980 shares of the company’s stock were exchanged, compared to its average volume of 184,312. The stock has a market cap of $8.46 billion, a PE ratio of 12.36 and a beta of 1.69. Ternium has a twelve month low of $35.22 and a twelve month high of $45.58. The stock’s fifty day moving average price is $40.93 and its 200-day moving average price is $39.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.17 and a quick ratio of 1.86.

Ternium Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, May 13th. Investors 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 is a positive change from Ternium’s previous Semi-Annual dividend of $1.10. This represents a yield of 6.9%. Ternium’s payout ratio is presently 63.95%.

Analyst Upgrades and Downgrades

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

About Ternium

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.