StockNews.com downgraded shares of Ternium (NYSE:TX – Free Report) from a buy rating to a hold rating in a research report report published on Tuesday morning.
Ternium Trading Up 1.1 %
Ternium stock opened at $35.98 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57. Ternium has a fifty-two week low of $30.68 and a fifty-two week high of $44.44. The firm has a fifty day moving average price of $34.48 and a two-hundred day moving average price of $38.12.
Ternium (NYSE:TX – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($1.36). The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.57 billion. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.19 EPS. On average, research analysts anticipate that Ternium will post 5.97 EPS for the current year.
Hedge Funds Weigh In On Ternium
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.
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