Ternium S.A. (NYSE:TX) Expected to Announce Quarterly Sales of $4.27 Billion

Analysts expect Ternium S.A. (NYSE:TXGet Rating) to report sales of $4.27 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ternium’s earnings. The highest sales estimate is $4.70 billion and the lowest is $3.83 billion. Ternium posted sales of $3.92 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Ternium will report full-year sales of $16.78 billion for the current fiscal year, with estimates ranging from $15.35 billion to $18.21 billion. For the next year, analysts anticipate that the firm will post sales of $16.15 billion, with estimates ranging from $13.84 billion to $18.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Ternium.

Ternium (NYSE:TXGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The basic materials company reported $3.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $1.03. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.25 billion. Ternium had a return on equity of 34.27% and a net margin of 23.32%. During the same period in the prior year, the business earned $3.07 EPS.

Several equities analysts have weighed in on the company. Wolfe Research raised Ternium from an “underperform” rating to a “peer perform” rating and increased their price objective for the company from $38.00 to $43.00 in a report on Friday, March 11th. Zacks Investment Research raised Ternium from a “strong sell” rating to a “hold” rating in a report on Thursday, April 21st. Finally, StockNews.com assumed coverage on Ternium in a research report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ternium has a consensus rating of “Buy” and an average price target of $57.60.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its holdings in Ternium by 31.9% in the fourth quarter. Acadian Asset Management LLC now owns 4,947,487 shares of the basic materials company’s stock worth $215,270,000 after buying an additional 1,197,260 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Ternium by 6,399.5% during the first quarter. Lazard Asset Management LLC now owns 1,060,919 shares of the basic materials company’s stock valued at $48,429,000 after purchasing an additional 1,044,596 shares during the last quarter. Oldfield Partners LLP purchased a new position in shares of Ternium during the first quarter valued at approximately $39,208,000. American Century Companies Inc. lifted its holdings in shares of Ternium by 53.1% during the third quarter. American Century Companies Inc. now owns 1,514,817 shares of the basic materials company’s stock valued at $64,077,000 after purchasing an additional 525,413 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Ternium by 400.9% during the fourth quarter. JPMorgan Chase & Co. now owns 519,045 shares of the basic materials company’s stock valued at $22,589,000 after purchasing an additional 415,425 shares during the last quarter. 12.28% of the stock is currently owned by institutional investors.

TX stock opened at $40.31 on Tuesday. The firm has a market cap of $8.08 billion, a PE ratio of 1.98 and a beta of 1.56. The company has a quick ratio of 1.86, a current ratio of 3.20 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $44.16 and a 200-day moving average of $42.59. Ternium has a 12-month low of $32.46 and a 12-month high of $56.86.

The business also recently disclosed an annual dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, May 6th were paid a dividend of $1.80 per share. This is a boost from Ternium’s previous annual dividend of $0.80. This represents a dividend yield of 5.9%. The ex-dividend date was Thursday, May 5th. Ternium’s dividend payout ratio (DPR) is 8.84%.

About Ternium (Get Rating)

Ternium SA manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy.

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