Ternium (NYSE:TX) Issues Earnings Results

Ternium (NYSE:TX) posted its earnings results on Tuesday. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39), Zacks reports. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $4.18 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.80%.

Ternium Stock Down 4.1 %

Shares of TX opened at $30.10 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. Ternium has a one year low of $28.00 and a one year high of $44.44. The stock’s fifty day moving average is $29.53 and its 200-day moving average is $32.64.

Ternium Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be issued a dividend of $1.80 per share. This represents a dividend yield of 10.3%. This is a positive change from Ternium’s previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Friday, May 9th. Ternium’s dividend payout ratio (DPR) is -642.83%.

Analysts Set New Price Targets

TX has been the topic of a number of recent research reports. StockNews.com cut Ternium from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. The Goldman Sachs Group cut their target price on Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th.

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.