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

Ternium (NYSE:TX) issued its earnings results on Tuesday. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04, Briefing.com reports. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.45 billion. The business’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS.

Ternium Stock Performance

Ternium stock traded up $0.20 during mid-day trading on Thursday, hitting $36.60. 66,703 shares of the company’s stock traded hands, compared to its average volume of 207,581. Ternium has a one year low of $30.68 and a one year high of $44.44. The company has a market cap of $7.18 billion, a PE ratio of -10.31, a price-to-earnings-growth ratio of 0.21 and a beta of 1.77. The firm has a 50 day moving average price of $34.83 and a 200 day moving average price of $37.11. The company has a quick ratio of 1.57, a current ratio of 2.74 and a debt-to-equity ratio of 0.09.

Ternium Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, November 21st. Shareholders of record on Monday, November 18th will be paid a $0.09 dividend. The ex-dividend date is Monday, November 18th. Ternium’s payout ratio is currently -124.65%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Ternium from a “hold” rating to a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target 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.