Ternium S.A. to Issue Semi-Annual Dividend of $0.09 (NYSE:TX)

Ternium S.A. (NYSE:TX) announced a Semi-Annual dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders 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 yield of 8.5%. The ex-dividend date is Monday, November 18th.

Ternium has a payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities 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 %

Ternium stock opened at $34.19 on Friday. Ternium has a fifty-two week low of $30.68 and a fifty-two week high of $44.44. The company has a market cap of $6.71 billion, a PE ratio of 85.48, a PEG ratio of 0.24 and a beta of 1.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92. The business’s 50-day simple moving average is $35.08 and its two-hundred day simple moving average is $36.72.

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded Ternium from a “buy” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate 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.