Ternium (NYSE:TX) Posts Quarterly Earnings Results, Misses Estimates By $1.36 EPS

Ternium (NYSE:TX) posted its quarterly earnings data on Tuesday. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($1.36), Briefing.com reports. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the previous year, the business posted $3.19 earnings per share. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year.

Ternium Trading Down 1.7 %

TX traded down $0.58 on Friday, hitting $33.03. The company had a trading volume of 322,063 shares, compared to its average volume of 222,337. The company’s fifty day moving average price is $37.83 and its 200 day moving average price is $39.72. The company has a current ratio of 2.74, a quick ratio of 1.98 and a debt-to-equity ratio of 0.09. Ternium has a 1 year low of $32.64 and a 1 year high of $44.44. The firm has a market cap of $6.62 billion, a P/E ratio of 9.80, a PEG ratio of 0.22 and a beta of 1.79.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. StockNews.com lowered shares of Ternium from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. boosted their price target on shares of Ternium from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average 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.