Ternium (NYSE:TX) Issues Quarterly Earnings Results

Key Points

• Ternium reported quarterly EPS of $1.42, missing the $1.89 analyst consensus by $0.47. Revenue was $4.64 billion, slightly below estimates of $4.65 billion.
• The stock fell 1.0% to $51.60 in Tuesday’s mid-day trading.
• Analysts’ consensus rating is Moderate Buy, with a consensus price target of $55.72; recent ratings and target changes were mixed.

Ternium (NYSE:TX - Get Free Report) issued its quarterly earnings data on Tuesday. The basic materials company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.89 by ($0.47), Zacks reports. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates 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, reaching $51.60. 435,722 shares of the company's stock traded hands, compared to its average volume of 408,724. Ternium has a 1-year low of $35.12 and a 1-year high of $60.21. The company has a fifty day simple moving average of $56.32 and a 200-day simple moving average of $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. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 0.15 and a beta of 1.17.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TX. HSBC downgraded Ternium from a "buy" rating to a "hold" rating and raised their target price for the company from $53.00 to $55.00 in a report on Friday, August 21st. UBS Group boosted their target price on shares of Ternium from $56.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, August 27th. Wall Street Zen raised shares of Ternium from a "buy" rating to a "strong-buy" rating in a report on Sunday, July 12th. Wells Fargo & Company raised their price target on shares of Ternium from $52.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ternium from $60.50 to $67.50 and gave the stock an "overweight" rating in a research note on Friday, September 4th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Ternium currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.72.

About Ternium

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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