Ternium S.A. (TX) Scheduled to Post Earnings on Tuesday
Ternium S.A. (NYSE:TX) will post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Ternium to post earnings of $0.51 per share for the quarter.
Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.14. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.13 billion. Ternium had a net margin of 11.05% and a return on equity of 16.61%. Ternium’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. On average, analysts expect Ternium to post $3.82 EPS for the current fiscal year and $3.46 EPS for the next fiscal year.
Shares of Ternium S.A. (NYSE TX) opened at 31.65 on Tuesday. Ternium S.A. has a 52 week low of $21.62 and a 52 week high of $33.39. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 7.24 and a beta of 1.08. The firm’s 50-day moving average is $31.25 and its 200-day moving average is $28.33.
Several equities analysts have recently weighed in on the company. BidaskClub downgraded Ternium from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Credit Suisse Group restated a “hold” rating and set a $24.00 price target on shares of Ternium in a report on Thursday, August 3rd. J P Morgan Chase & Co restated an “overweight” rating and set a $35.00 price target (up from $33.00) on shares of Ternium in a report on Friday, July 21st. Finally, Zacks Investment Research downgraded Ternium from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $30.50.
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Ternium Company Profile
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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