Ternium (NYSE:TX – Get Free Report) announced its quarterly earnings results on Wednesday. The basic materials company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.54, Briefing.com reports. Ternium had a net margin of 3.84% and a return on equity of 10.84%. The company had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.77 billion. During the same quarter last year, the firm earned $1.91 earnings per share. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year.
Ternium Stock Performance
Shares of NYSE:TX traded up $0.40 during midday trading on Thursday, reaching $42.55. The company’s stock had a trading volume of 267,744 shares, compared to its average volume of 184,585. The stock has a fifty day moving average of $40.93 and a 200 day moving average of $39.71. Ternium has a twelve month low of $35.22 and a twelve month high of $45.58. The firm has a market capitalization of $8.53 billion, a PE ratio of 12.27 and a beta of 1.69. The company has a quick ratio of 1.86, a current ratio of 3.17 and a debt-to-equity ratio of 0.08.
Ternium Increases Dividend
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be paid a $2.20 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a dividend yield of 6.9%. This is a positive change from Ternium’s previous Semi-Annual dividend of $1.10. Ternium’s dividend payout ratio is presently 63.95%.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Ternium
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.
Featured Stories
- Five stocks we like better than Ternium
- Health Care Stocks Explained: Why You Might Want to Invest
- Hasbro’s Management Made All the Right Calls This Quarter
- P/E Ratio Calculation: How to Assess Stocks
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- How to Choose Top Rated Stocks
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Ternium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium and related companies with MarketBeat.com's FREE daily email newsletter.