Ternium (NYSE:TX) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Ternium (NYSE:TX) released its earnings results on Tuesday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04, Briefing.com reports. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.38 EPS.

Ternium Stock Up 7.4 %

NYSE TX traded up $2.56 on Wednesday, hitting $36.98. 206,900 shares of the stock were exchanged, compared to its average volume of 207,570. Ternium has a fifty-two week low of $30.68 and a fifty-two week high of $44.44. The company has a 50-day moving average price of $34.78 and a 200-day moving average price of $37.12. The company has a quick ratio of 1.57, a current ratio of 2.74 and a debt-to-equity ratio of 0.09. The company has a market cap of $7.26 billion, a PE ratio of -10.23, a PEG ratio of 0.21 and a beta of 1.77.

Analysts Set New Price Targets

Separately, StockNews.com cut Ternium from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.33.

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.