Ternium (TX) Earns News Impact Score of -0.10
News articles about Ternium (NYSE:TX) have trended somewhat negative recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ternium earned a daily sentiment score of -0.10 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 71 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Ternium S.A. (NYSE:TX) Receives Hold Rating from Credit Suisse Group (americanbankingnews.com)
- Edited Transcript of TX earnings conference call or presentation 2-Aug-17 2:00pm GMT (finance.yahoo.com)
- Ternium S.A. (TX) Posts Earnings Results, Beats Expectations By $0.14 EPS (americanbankingnews.com)
- Ternium S.A. beats by $0.24, beats on revenue (seekingalpha.com)
- Ternium Announces Second Quarter and First Half 2017 Results (finance.yahoo.com)
Ternium (NYSE TX) traded down 2.32% during trading on Thursday, hitting $29.53. The company had a trading volume of 319,801 shares. Ternium has a 12-month low of $18.29 and a 12-month high of $31.88. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 7.60 and a beta of 1.07. The firm has a 50-day moving average of $28.08 and a 200 day moving average of $25.93.
Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.13 by $0.14. Ternium had a return on equity of 16.84% and a net margin of 11.05%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, equities research analysts forecast that Ternium will post $3.32 earnings per share for the current year.
A number of research firms recently issued reports on TX. Zacks Investment Research lowered Ternium from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. BidaskClub lowered Ternium from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $35.00 target price (up from $33.00) on shares of Ternium in a report on Friday, July 21st. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $24.00 target price on shares of Ternium in a report on Thursday. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $30.50.
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Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
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