Ternium (NYSE:TX) Reaches New 52-Week Low After Earnings Miss

Ternium S.A. (NYSE:TX)’s stock price hit a new 52-week low on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $28.00 and last traded at $29.03, with a volume of 93131 shares. The stock had previously closed at $31.37.

The basic materials company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39). Ternium had a return on equity of 4.70% and a net margin of 0.42%. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $4.18 billion.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. The Goldman Sachs Group reduced their price target on shares of Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th.

Hedge Funds Weigh In On Ternium

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its position in Ternium by 216.9% in the 3rd quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 3,104 shares in the last quarter. Oldfield Partners LLP raised its stake in shares of Ternium by 1.9% in the 3rd quarter. Oldfield Partners LLP now owns 261,836 shares of the basic materials company’s stock valued at $9,664,000 after purchasing an additional 4,800 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Ternium in the third quarter valued at about $1,353,000. Donald Smith & CO. Inc. boosted its position in shares of Ternium by 88.6% during the third quarter. Donald Smith & CO. Inc. now owns 2,539,751 shares of the basic materials company’s stock worth $93,742,000 after buying an additional 1,193,110 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Ternium by 37.9% during the third quarter. Principal Financial Group Inc. now owns 81,679 shares of the basic materials company’s stock worth $3,015,000 after buying an additional 22,450 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92. The stock has a 50-day moving average of $29.57 and a 200-day moving average of $32.66. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 72.56, a price-to-earnings-growth ratio of 0.39 and a beta of 1.76.

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.