Ternium S.A. (TX) Posts Quarterly Earnings, Misses Estimates By $0.13 EPS
Ternium S.A. (NYSE:TX) posted its quarterly earnings results on Tuesday. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.13, American Banking News.com reports. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis.
Ternium S.A. (NYSE:TX) traded up 0.07% during mid-day trading on Tuesday, hitting $28.47. 53,359 shares of the company’s stock traded hands. Ternium S.A. has a 52-week low of $21.48 and a 52-week high of $32.99. The stock has a 50-day moving average of $28.35 and a 200-day moving average of $29.26. The company has a market cap of $5.589 billion and a P/E ratio of 11.73.
TX has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Ternium S.A. in a research note on Thursday, July 3rd. They now have a $29.90 price target on the stock, down previously from $30.20. On a related note, analysts at TheStreet upgraded shares of Ternium S.A. from a “sell” rating to a “buy” rating in a research note on Friday, May 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $28.85.
Ternium SA (NYSE:TX) is a steel producer in Latin America.
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