Ternium (NYSE:TX) Issues Quarterly Earnings Results, Beats Estimates By $0.22 EPS

Ternium (NYSE:TX - Get Free Report) released its quarterly earnings results on Tuesday. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.22, Zacks reports. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $4 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The company's revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 earnings per share.

Ternium Stock Up 1.2 %

Shares of Ternium stock opened at $29.55 on Wednesday. Ternium has a one year low of $24.00 and a one year high of $43.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. The stock's 50-day moving average is $29.52 and its 200 day moving average is $30.87. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of -105.53, a PEG ratio of 0.38 and a beta of 1.56.

Ternium Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be given a dividend of $1.80 per share. This is a positive change from Ternium's previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 10.3%. Ternium's dividend payout ratio is presently -1,285.71%.

Analyst Ratings Changes

TX has been the topic of a number of analyst reports. UBS Group assumed coverage on Ternium in a research report on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 price target on the stock. The Goldman Sachs Group decreased their price target on Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, Bank of America reissued an "underperform" rating and issued a $25.00 price target on shares of Ternium in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $37.00.

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.