Ternium S.A. (NYSE:TX) Shareholders to Get $0.90 Dividend

Ternium S.A. (NYSE:TX) declared a dividend on Tuesday, November 3rd. Shareholders of record on Monday, November 16th will be given a dividend of $0.90 per share by the basic materials company on Tuesday, November 17th. This represents a yield of 349.0%. The ex-dividend date of this dividend is Monday, November 16th.

Ternium has raised its dividend payment by an average of 0.2% annually over the last three years. Ternium has a dividend payout ratio of 53.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Ternium to earn $8.31 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 31.3%.

Ternium Price Performance

NYSE TX opened at $51.60 on Wednesday. Ternium has a fifty-two week low of $35.12 and a fifty-two week high of $60.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.43 and a current ratio of 2.58. The company has a market capitalization of $10.35 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.14 and a beta of 1.17. The business’s fifty day moving average is $56.25 and its 200 day moving average is $47.70.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.47). The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Ternium had a net margin of 4.37% and a return on equity of 4.26%. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. Sell-side analysts predict that Ternium will post 6.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TX. Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. JPMorgan Chase & Co. upped their target price on shares of Ternium from $60.50 to $67.50 and gave the company an “overweight” rating in a research report on Friday, September 4th. HSBC downgraded Ternium from a “buy” rating to a “hold” rating and raised their price target for the stock from $53.00 to $55.00 in a research report on Friday, August 21st. Weiss Ratings raised shares of Ternium from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. Finally, UBS Group boosted their target price on shares of Ternium from $56.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.72.

Ternium Company Profile

Ternium SA is a steel producer serving customers primarily in the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, galvanized and pre-painted steel, hot- and cold-rolled products, steel bars, wire rod, and tubular products.

Ternium supplies industries such as construction, automotive, appliance manufacturing, energy, transportation, and agriculture. Its operations include iron ore mining, steelmaking, rolling, coating, processing, and distribution, allowing it to offer both commodity and higher-value-added steel products.

The company has industrial and commercial operations across Latin America, including Mexico, Brazil, Argentina, Colombia, and other markets in the region, as well as a presence in the United States and Central America.