Ternium (TX) Set to Announce Earnings on Wednesday

Ternium (NYSE:TX) will be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.67 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Ternium (NYSE:TX) last posted its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.79. Ternium had a net margin of 3.84% and a return on equity of 10.84%. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter last year, the business earned $0.20 earnings per share. The business’s revenue for the quarter was up 39.1% on a year-over-year basis. On average, analysts expect Ternium to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Ternium Price Performance

NYSE TX opened at $42.35 on Wednesday. Ternium has a 12 month low of $35.22 and a 12 month high of $45.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.17 and a quick ratio of 1.86. The firm has a market capitalization of $8.49 billion, a PE ratio of 12.31 and a beta of 1.69. The company’s 50 day simple moving average is $40.32 and its 200 day simple moving average is $39.50.

Ternium Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, May 3rd will be paid a dividend of $2.20 per share. This represents a dividend yield of 6.9%. The ex-dividend date is Thursday, May 2nd. This is a positive change from Ternium’s previous Semi-Annual dividend of $1.10. Ternium’s dividend payout ratio (DPR) is currently 63.95%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Ternium

Several institutional investors and hedge funds have recently modified their holdings of TX. Citigroup Inc. purchased a new position in shares of Ternium during the 1st quarter valued at $85,000. Sei Investments Co. lifted its position in Ternium by 6.0% during the 1st quarter. Sei Investments Co. now owns 150,775 shares of the basic materials company’s stock worth $6,883,000 after acquiring an additional 8,595 shares during the last quarter. XTX Topco Ltd acquired a new position in Ternium during the 1st quarter worth $201,000. Employees Retirement System of Texas lifted its position in Ternium by 12.4% during the 1st quarter. Employees Retirement System of Texas now owns 61,459 shares of the basic materials company’s stock worth $2,806,000 after acquiring an additional 6,781 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Ternium by 6,399.5% during the 1st quarter. Lazard Asset Management LLC now owns 1,060,919 shares of the basic materials company’s stock worth $48,429,000 after acquiring an additional 1,044,596 shares during the last quarter. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Ternium Company Profile

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.