Ternium (NYSE:TX) Posts Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Ternium (NYSE:TX) posted its quarterly earnings data on Tuesday. The basic materials company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.23, Zacks reports. Ternium had a net margin of 3.66% and a return on equity of 3.71%. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the business earned $0.55 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis.

Ternium Stock Down 4.2%

Ternium stock traded down $2.04 during trading hours on Thursday, hitting $46.38. The company had a trading volume of 64,648 shares, compared to its average volume of 231,702. Ternium has a fifty-two week low of $27.12 and a fifty-two week high of $49.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.49 and a quick ratio of 1.45. The firm has a market capitalization of $9.30 billion, a P/E ratio of 15.94 and a beta of 1.26. The firm’s fifty day moving average is $41.10 and its 200-day moving average is $39.88.

Ternium Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, May 14th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a yield of 413.0%. Ternium’s payout ratio is presently 61.86%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Scotiabank reiterated a “sector perform” rating and set a $40.00 price target on shares of Ternium in a research report on Thursday, March 26th. Bank of America raised Ternium from a “neutral” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday, April 13th. Weiss Ratings upgraded shares of Ternium from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. UBS Group lifted their price objective 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. Finally, Zacks Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ternium currently has a consensus rating of “Moderate Buy” and an average price target of $41.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Atlas Capital Advisors Inc. purchased a new stake in shares of Ternium during the 4th quarter worth about $36,000. Advisory Services Network LLC acquired a new position in Ternium in the third quarter worth approximately $38,000. JPMorgan Chase & Co. raised its position in Ternium by 142.1% during the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 736 shares in the last quarter. State of Wyoming bought a new position in Ternium during the second quarter valued at approximately $119,000. Finally, Raymond James Financial Inc. acquired a new stake in Ternium in the second quarter valued at approximately $214,000. Hedge funds and other institutional investors own 11.98% of the company’s stock.

About Ternium

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.