Ternium (NYSE:TX) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Ternium (NYSE:TX) announced its quarterly earnings results on Tuesday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04, Briefing.com reports. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year.

Ternium Price Performance

NYSE TX traded down $1.13 on Friday, reaching $35.41. The company’s stock had a trading volume of 24,605 shares, compared to its average volume of 207,218. Ternium has a twelve month low of $30.68 and a twelve month high of $44.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.57 and a current ratio of 2.92. The stock has a market cap of $6.95 billion, a PE ratio of 91.35, a PEG ratio of 0.22 and a beta of 1.77. The firm’s 50 day moving average is $34.88 and its two-hundred day moving average is $37.11.

Ternium Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th will be issued a $0.09 dividend. This represents a yield of 8.5%. The ex-dividend date of this dividend is Monday, November 18th. Ternium’s payout ratio is 1,100.03%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Ternium from a “hold” rating to a “buy” rating in a report on Wednesday. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average 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.