Ternium (NYSE:TX) Posts Quarterly Earnings Results, Beats Expectations By $0.54 EPS

Ternium (NYSE:TX) posted its quarterly earnings results on Wednesday. The basic materials company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.30 by $0.54, Briefing.com reports. The business had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.77 billion. Ternium had a net margin of 3.84% and a return on equity of 10.84%. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period last year, the company posted $1.91 earnings per share.

Ternium Stock Up 0.1 %

NYSE TX traded up $0.06 during trading on Thursday, reaching $42.21. The company’s stock had a trading volume of 243,980 shares, compared to its average volume of 184,312. The company has a current ratio of 3.17, a quick ratio of 1.86 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $8.46 billion, a PE ratio of 12.36 and a beta of 1.69. The business has a 50-day moving average price of $40.93 and a 200-day moving average price of $39.71. Ternium has a 1-year low of $35.22 and a 1-year high of $45.58.

Ternium Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, May 3rd will be paid a $2.20 dividend. The ex-dividend date is Thursday, May 2nd. This is a boost from Ternium’s previous Semi-Annual dividend of $1.10. This represents a yield of 6.9%. Ternium’s payout ratio is 63.95%.

Wall Street Analyst Weigh In

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

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.