Ternium (TX) to Release Earnings on Wednesday

Ternium (NYSE:TX) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Ternium to post earnings of $1.67 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

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

Ternium Stock Performance

Shares of TX opened at $42.35 on Wednesday. The company has a market cap of $8.49 billion, a PE ratio of 12.31 and a beta of 1.69. 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 stock has a 50-day moving average price of $40.32 and a 200-day moving average price of $39.50. Ternium has a 12-month low of $35.22 and a 12-month high of $45.58.

Ternium Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, May 3rd will be given a $2.20 dividend. This is an increase from Ternium’s previous Semi-Annual dividend of $1.10. The ex-dividend date is Thursday, May 2nd. This represents a yield of 6.9%. Ternium’s payout ratio is presently 63.95%.

Institutional Investors Weigh In On Ternium

A number of institutional investors have recently modified their holdings of the stock. Clear Street Markets LLC purchased a new position in Ternium in the fourth quarter worth about $25,000. Fortis Capital Advisors LLC increased its stake in Ternium by 1,971.9% in the 1st quarter. Fortis Capital Advisors LLC now owns 663 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 631 shares during the last quarter. Resurgent Financial Advisors LLC bought a new stake in Ternium in the 4th quarter worth approximately $46,000. Captrust Financial Advisors increased its stake in Ternium by 100.0% in the 1st quarter. Captrust Financial Advisors now owns 1,000 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 500 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Ternium in the 3rd quarter worth approximately $57,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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