Ternium S.A. Declares Semi-Annual Dividend of $0.09 (NYSE:TX)

Ternium S.A. (NYSE:TX) 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.

Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the firm posted $1.38 earnings per share. The business’s quarterly revenue was down 13.6% on a year-over-year basis. On average, equities analysts anticipate that Ternium will post 4.41 earnings per share for the current fiscal year.

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.

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.