Ternium (NYSE:TX) Issues Quarterly Earnings Results

Ternium (NYSE:TX) announced its earnings results on Tuesday. The basic materials company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04, Briefing.com reports. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.45 billion. Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The firm’s revenue was down 13.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 earnings per share.

Ternium Stock Up 4.9 %

NYSE:TX traded up $1.68 during mid-day trading on Wednesday, hitting $36.10. 95,799 shares of the company’s stock traded hands, compared to its average volume of 207,131. The company has a fifty day moving average of $34.78 and a 200 day moving average of $37.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.57 and a current ratio of 2.74. Ternium has a twelve month low of $30.68 and a twelve month high of $44.44. The company has a market capitalization of $7.09 billion, a P/E ratio of -9.75, a P/E/G ratio of 0.21 and a beta of 1.77.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Ternium has an average rating of “Moderate Buy” and a consensus price target of $52.33.

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.