Ternium (NYSE:TX) Issues Earnings Results

Ternium (NYSE:TX) issued its earnings results on Tuesday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04, Briefing.com reports. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the prior year, the business earned $1.38 EPS. The firm’s quarterly revenue was down 13.6% on a year-over-year basis.

Ternium Trading Up 7.4 %

Shares of NYSE:TX traded up $2.56 during midday trading on Wednesday, reaching $36.98. 206,900 shares of the company’s stock were exchanged, compared to its average volume of 207,570. The firm’s 50 day simple moving average is $34.78 and its two-hundred day simple moving average is $37.12. Ternium has a fifty-two week low of $30.68 and a fifty-two week high of $44.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of -10.23, a P/E/G ratio of 0.21 and a beta of 1.77.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.33.

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.