Ternium (NYSE:TX) Issues Quarterly Earnings Results, Misses Expectations By $1.39 EPS

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

Ternium Stock Up 3.5 %

Shares of NYSE:TX traded up $1.08 during mid-day trading on Tuesday, hitting $31.40. 264,512 shares of the company traded hands, compared to its average volume of 238,992. The stock has a 50-day moving average price of $29.57 and a two-hundred day moving average price of $32.66. Ternium has a 12-month low of $28.37 and a 12-month high of $44.44. The stock has a market cap of $6.16 billion, a P/E ratio of 78.49, a P/E/G ratio of 0.34 and a beta of 1.76. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11.

Analysts Set New Price Targets

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

Ternium Company Profile

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.