Ternium (TX) News Today

Ternium S.A. (NYSE: TX) shares are under pressure amid a quarterly earnings shortfall and a lower price target from Wells Fargo. The company’s Q3 revenue was roughly in line with estimates and rose year over year, but earnings per share missed consensus.

• Positive Sentiment: Ternium expects its Pesquería slab mill to begin production in February, adding capacity, and projects Q4 EBITDA to be broadly in line with $785 million. Article: Ternium expects Pesquería slab mill to start production in February
• Positive Sentiment: The company declared a dividend, offering some income support for shareholders. Reports differ on the dividend amount, so investors may want to confirm it with the company’s filing. Article: Ternium declares dividend
• Neutral Sentiment: Ternium reported a return to Q3 profit, while revenue increased 17.4% year over year. The quarter’s earnings per share nevertheless fell short of analysts’ expectations. Article: Steelmaker Ternium swings to third-quarter profit
• Negative Sentiment: Wells Fargo lowered its price target to $52 from $56 and maintained an “equal weight” rating, signaling more limited analyst conviction despite the target remaining above the recent share price.
• Negative Sentiment: Q3 EPS of $1.42 missed the $1.79 consensus estimate. That earnings miss, alongside the analyst target cut, likely weighed on the stock. Article: Ternium reports third-quarter results