Ternium S.A. (NYSE:TX) Raises Dividend to $2.20 Per Share

Ternium S.A. (NYSE:TX) declared a Semi-Annual dividend on Tuesday, February 20th, Zacks reports. Investors of record on Friday, May 3rd will be paid a dividend of 2.20 per share by the basic materials company on Monday, May 13th. This represents a yield of 6.9%. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Ternium’s previous Semi-Annual dividend of $1.10.

Ternium has a dividend payout ratio of 60.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ternium to earn $7.46 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 59.0%.

Ternium Trading Down 1.1 %

Shares of NYSE:TX opened at $43.10 on Tuesday. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 12.79 and a beta of 1.69. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.08. Ternium has a 12 month low of $35.22 and a 12 month high of $45.58. The company’s fifty day simple moving average is $41.26 and its 200 day simple moving average is $39.85.

Ternium (NYSE:TX) last released its earnings results on Wednesday, April 24th. The basic materials company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.54. The business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.77 billion. Ternium had a net margin of 3.53% and a return on equity of 10.21%. The firm’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 earnings per share. As a group, research analysts forecast that Ternium will post 6.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TX has been the subject of several research reports. StockNews.com downgraded shares of Ternium from a “strong-buy” rating to a “buy” rating in a research report on Monday. TheStreet raised Ternium from a “c+” rating to a “b-” rating in a report on Friday, January 12th. The Goldman Sachs Group upped their price target on shares of Ternium from $49.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised their price target on Ternium from $48.00 to $51.50 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Ternium 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.