Ternium S.A. (NYSE:TX – Get Free Report) declared a Semi-Annual dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Monday, November 18th will be given a dividend of 0.09 per share by the basic materials company on Thursday, November 21st. The ex-dividend date of this dividend is Monday, November 18th.
Ternium has a dividend payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ternium to earn $6.62 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 66.5%.
Ternium Stock Up 5.8 %
NYSE:TX opened at $36.40 on Thursday. The company’s 50-day simple moving average is $34.83 and its 200-day simple moving average is $37.11. 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 fifty-two week low of $30.68 and a fifty-two week high of $44.44. The stock has a market capitalization of $7.15 billion, a P/E ratio of -10.31, a P/E/G ratio of 0.21 and a beta of 1.77.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Ternium from a “hold” rating to a “buy” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $52.33.
Check Out Our Latest Stock Analysis on TX
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.
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