Ternium (NYSE:TX) Announces Earnings Results, Misses Estimates By $1.39 EPS

Ternium (NYSE:TX) released its earnings results on Tuesday. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39), Zacks reports. Ternium had a net margin of 0.42% and a return on equity of 4.70%.

Ternium Stock Up 3.5 %

Shares of NYSE TX opened at $31.40 on Wednesday. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 78.49, a price-to-earnings-growth ratio of 0.39 and a beta of 1.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. The business has a 50-day moving average of $29.57 and a two-hundred day moving average of $32.66. Ternium has a 1 year low of $28.37 and a 1 year high of $44.44.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. The Goldman Sachs Group decreased their target price on Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 6th.

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.