Ternium (TX) to Release Earnings on Tuesday

Ternium (NYSE:TX) is scheduled to be announcing its earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $1.54 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Ternium Stock Performance

Shares of Ternium stock opened at $36.17 on Monday. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.08. Ternium has a twelve month low of $35.22 and a twelve month high of $45.20. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.24 and a beta of 1.79. The company’s fifty day moving average is $38.72 and its 200 day moving average is $39.93.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TX shares. JPMorgan Chase & Co. boosted their price objective on shares of Ternium from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. The Goldman Sachs Group boosted their target price 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, StockNews.com lowered shares of Ternium from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $52.33.

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.