Brokerages expect Ternium S.A. (NYSE:TX) to report earnings of $1.13 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Ternium’s earnings. Ternium reported earnings of $0.78 per share during the same quarter last year, which would indicate a positive year over year growth rate of 44.9%. The company is scheduled to report its next earnings results after the market closes on Tuesday, August 1st.

On average, analysts expect that Ternium will report full-year earnings of $3.87 per share for the current fiscal year, with EPS estimates ranging from $3.72 to $4.01. For the next year, analysts forecast that the company will post earnings of $3.33 per share, with EPS estimates ranging from $3.16 to $3.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Ternium.

Ternium (NYSE:TX) last released its earnings results on Tuesday, April 25th. The basic materials company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.52. Ternium had a return on equity of 15.33% and a net margin of 10.37%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year.

Several equities research analysts have commented on the company. J P Morgan Chase & Co reiterated an “overweight” rating and set a $35.00 price objective (up from $33.00) on shares of Ternium in a research note on Friday, July 21st. Zacks Investment Research upgraded Ternium from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research note on Wednesday, July 5th. Finally, BidaskClub upgraded Ternium from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $30.50.

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Shares of Ternium (NYSE:TX) opened at 30.45 on Thursday. Ternium has a 12-month low of $18.29 and a 12-month high of $31.48. The company has a market capitalization of $5.98 billion, a P/E ratio of 7.84 and a beta of 1.06. The firm has a 50-day moving average price of $27.58 and a 200 day moving average price of $25.74.

Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC boosted its position in shares of Ternium by 11.0% in the second quarter. Acadian Asset Management LLC now owns 6,694,437 shares of the basic materials company’s stock valued at $188,048,000 after buying an additional 661,707 shares in the last quarter. Oldfield Partners LLP boosted its position in shares of Ternium by 46.5% in the first quarter. Oldfield Partners LLP now owns 2,314,439 shares of the basic materials company’s stock valued at $41,614,000 after buying an additional 735,110 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Ternium by 4.4% in the first quarter. Pictet Asset Management Ltd. now owns 1,205,954 shares of the basic materials company’s stock valued at $31,499,000 after buying an additional 50,409 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Ternium by 2.7% in the first quarter. Russell Investments Group Ltd. now owns 735,915 shares of the basic materials company’s stock valued at $19,224,000 after buying an additional 19,013 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Ternium by 18.7% in the first quarter. Wells Fargo & Company MN now owns 683,225 shares of the basic materials company’s stock valued at $17,846,000 after buying an additional 107,420 shares in the last quarter. Institutional investors and hedge funds own 21.84% of the company’s stock.

About Ternium

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

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