Ternium (NYSE:TX) Issues Quarterly Earnings Results

by · The Markets Daily

Ternium (NYSE:TX – Get Free Report) posted its quarterly earnings results on Tuesday. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.47), Zacks reports. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Ternium had a return on equity of 4.26% and a net margin of 4.37%.

Ternium Stock Down 1.0%

NYSE TX traded down $0.54 during mid-day trading on Tuesday, hitting $51.60. The company’s stock had a trading volume of 435,722 shares, compared to its average volume of 408,724. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.15 and a beta of 1.17. The company’s 50 day simple moving average is $56.32 and its 200 day simple moving average is $47.65. The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.14. Ternium has a twelve month low of $35.12 and a twelve month high of $60.21.

Analysts Set New Price Targets

Several research firms have recently weighed in on TX. JPMorgan Chase & Co. lifted their price objective on shares of Ternium from $60.50 to $67.50 and gave the company an “overweight” rating in a research note on Friday, September 4th. Zacks Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 13th. Wall Street Zen raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. HSBC cut shares of Ternium from a “buy” rating to a “hold” rating and increased their price objective for the stock from $53.00 to $55.00 in a research report on Friday, August 21st. Finally, Weiss Ratings upgraded Ternium from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.72.

Check Out Our Latest Stock Report on TX

Ternium Company Profile

(Get Free Report)

Ternium SA is a steel producer serving customers primarily in the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, galvanized and pre-painted steel, hot- and cold-rolled products, steel bars, wire rod, and tubular products.

Ternium supplies industries such as construction, automotive, appliance manufacturing, energy, transportation, and agriculture. Its operations include iron ore mining, steelmaking, rolling, coating, processing, and distribution, allowing it to offer both commodity and higher-value-added steel products.

The company has industrial and commercial operations across Latin America, including Mexico, Brazil, Argentina, Colombia, and other markets in the region, as well as a presence in the United States and Central America.

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