Ternium (NYSE:TX) Announces Earnings Results, Misses Estimates By $1.39 EPS

Ternium (NYSE:TX) released 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 firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $4.18 billion. Ternium had a positive return on equity of 1.80% and a negative net margin of 0.31%.

Ternium Trading Down 4.1 %

NYSE:TX opened at $30.10 on Thursday. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. Ternium has a 1-year low of $28.00 and a 1-year high of $44.44. The stock has a fifty day simple moving average of $29.53 and a 200 day simple moving average of $32.64.

Ternium Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TX. The Goldman Sachs Group lowered their target price on Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

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.