Ternium S.A. (NYSE:TX) Declares Semi-Annual Dividend of $0.09

Ternium S.A. (NYSE:TX) announced a Semi-Annual dividend on Tuesday, November 5th, Zacks reports. Investors of record on Monday, November 18th will be given a dividend of 0.09 per share by the basic materials company on Thursday, November 21st. The ex-dividend date of this dividend is Monday, November 18th.

Ternium has a dividend payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ternium to earn $6.62 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 66.5%.

Ternium Trading Up 5.8 %

Shares of TX stock opened at $36.40 on Thursday. Ternium has a 1 year low of $30.68 and a 1 year 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’s 50 day simple moving average is $34.83 and its two-hundred day simple moving average is $37.11. The company has a market cap of $7.15 billion, a PE ratio of -10.31, a price-to-earnings-growth ratio of 0.21 and a beta of 1.77.

Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the business posted $1.38 earnings per share. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. Research analysts predict that Ternium will post 4.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Ternium from a “hold” rating to a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ternium has an average rating of “Buy” and a consensus target price of $52.33.

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.