Ternium S.A. (TX) to Issue Semi-Annual Dividend of $0.09 on November 26th

Ternium S.A. (NYSE:TX) announced a Semi-Annual dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.09 per share by the basic materials company on Tuesday, November 26th. This represents a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, November 18th.

Ternium has a dividend payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ternium to earn $6.54 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 27.5%.

Ternium Stock Up 2.3 %

Shares of NYSE TX opened at $34.19 on Friday. The company has a 50 day simple moving average of $35.08 and a 200 day simple moving average of $36.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. Ternium has a 1 year low of $30.68 and a 1 year high of $44.44. The firm has a market cap of $6.71 billion, a PE ratio of 85.48, a price-to-earnings-growth ratio of 0.24 and a beta of 1.77.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter last year, the firm earned $1.38 earnings per share. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. On average, research analysts forecast that Ternium will post 3.7 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Ternium has an average rating of “Moderate Buy” and a consensus target price of $52.33.

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.