Ternium (NYSE:TX) Issues Quarterly Earnings Results

Ternium (NYSE:TX - Get Free Report) announced its quarterly earnings results on Wednesday. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.54, Briefing.com reports. Ternium had a net margin of 3.84% and a return on equity of 10.84%. The firm had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.77 billion. During the same period in the prior year, the firm posted $1.91 earnings per share. The company's revenue for the quarter was up 31.9% on a year-over-year basis.

Ternium Stock Up 1.2 %

Ternium stock traded up $0.51 during trading hours on Thursday, hitting $42.66. 451,783 shares of the stock traded hands, compared to its average volume of 186,962. Ternium has a one year low of $35.22 and a one year high of $45.58. The firm's 50-day moving average price is $41.04 and its two-hundred day moving average price is $39.74. The company has a current ratio of 3.17, a quick ratio of 1.86 and a debt-to-equity ratio of 0.08. The company has a market cap of $8.55 billion, a PE ratio of 12.40 and a beta of 1.69.

Ternium Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be given a dividend of $2.20 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a dividend yield of 6.9%. This is a boost from Ternium's previous Semi-Annual dividend of $1.10. Ternium's payout ratio is currently 63.95%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Ternium from $49.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. increased their price target on shares of Ternium from $48.00 to $51.50 and gave the stock an "overweight" rating in a 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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price 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.