Ternium (NYSE:TX) Posts Earnings Results, Beats Expectations By $0.54 EPS

Ternium (NYSE:TX) announced its quarterly earnings results on Wednesday. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.54, Briefing.com reports. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.77 billion. Ternium had a net margin of 3.53% and a return on equity of 10.21%. The firm’s revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 EPS.

Ternium Price Performance

Shares of NYSE:TX opened at $43.58 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.86 and a current ratio of 3.32. Ternium has a 52 week low of $35.22 and a 52 week high of $45.58. The firm has a market cap of $8.74 billion, a PE ratio of 12.93 and a beta of 1.69. The firm’s fifty day moving average is $41.16 and its 200-day moving average is $39.78.

Ternium Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, May 3rd will be given a $2.20 dividend. This is a boost from Ternium’s previous Semi-Annual dividend of $1.10. This represents a yield of 6.9%. The ex-dividend date of this dividend is Thursday, May 2nd. Ternium’s dividend payout ratio is 65.28%.

Analysts Set New Price Targets

A number of analysts have weighed in on TX shares. TheStreet upgraded shares of Ternium from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. JPMorgan Chase & Co. raised their price objective on Ternium from $48.00 to $51.50 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, The Goldman Sachs Group upped their target price on Ternium from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ternium currently has a consensus rating of “Buy” and an average price target of $50.83.

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.