Ternium (TX) to Release Earnings on Wednesday

Ternium (NYSE:TX) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.67 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.79. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.94 billion. Ternium had a net margin of 3.84% and a return on equity of 10.84%. The company’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 EPS. On average, analysts expect Ternium to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Ternium Stock Performance

NYSE:TX opened at $42.65 on Tuesday. The company has a fifty day moving average of $40.72 and a 200-day moving average of $39.66. Ternium has a twelve month low of $35.22 and a twelve month high of $45.58. The firm has a market capitalization of $8.55 billion, a P/E ratio of 12.40 and a beta of 1.69. The company has a quick ratio of 1.86, a current ratio of 3.17 and a debt-to-equity ratio of 0.08.

Ternium Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be given a $2.20 dividend. The ex-dividend date is Thursday, May 2nd. This represents a yield of 6.9%. This is an increase from Ternium’s previous Semi-Annual dividend of $1.10. Ternium’s dividend payout ratio (DPR) is presently 127.91%.

Wall Street Analyst Weigh In

Several analysts have recently commented on TX shares. JPMorgan Chase & Co. increased their target price on shares of Ternium from $48.00 to $51.50 and gave the company an “overweight” rating in a report on Thursday, March 21st. The Goldman Sachs Group increased their price objective on Ternium from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, TheStreet upgraded shares of Ternium from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ternium presently has a consensus rating of “Buy” and a consensus price target of $50.83.

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.