Equities research analysts expect that Ternium S.A. (NYSE:TX) will announce earnings of $0.95 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Ternium’s earnings. Ternium posted earnings per share of $0.60 during the same quarter last year, which indicates a positive year over year growth rate of 58.3%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 20th.
According to Zacks, analysts expect that Ternium will report full year earnings of $3.98 per share for the current fiscal year, with EPS estimates ranging from $3.72 to $4.23. For the next fiscal year, analysts expect that the business will post earnings of $3.20 per share, with EPS estimates ranging from $2.66 to $3.78. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Ternium.
Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.66 by $0.33. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.38 billion. Ternium had a net margin of 9.86% and a return on equity of 15.49%. The company’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 earnings per share.
Several equities analysts have recently commented on TX shares. Zacks Investment Research lowered shares of Ternium from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 4th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $35.00 target price (up previously from $33.00) on shares of Ternium in a research report on Friday, July 21st. Credit Suisse Group reiterated a “hold” rating and issued a $24.00 target price on shares of Ternium in a research report on Thursday, August 3rd. Finally, BidaskClub lowered shares of Ternium from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.50.
Ternium (TX) traded up $0.05 during trading on Friday, hitting $27.63. 193,875 shares of the stock traded hands, compared to its average volume of 416,101. The company has a market capitalization of $5,510.00, a price-to-earnings ratio of 6.48 and a beta of 1.12. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 0.32. Ternium has a fifty-two week low of $21.67 and a fifty-two week high of $33.39.
A number of hedge funds and other institutional investors have recently modified their holdings of TX. Boston Partners lifted its holdings in Ternium by 2,791.3% in the 2nd quarter. Boston Partners now owns 2,408,523 shares of the basic materials company’s stock valued at $67,655,000 after acquiring an additional 2,325,221 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Ternium by 11.0% in the 2nd quarter. Acadian Asset Management LLC now owns 6,694,437 shares of the basic materials company’s stock valued at $188,048,000 after acquiring an additional 661,707 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Ternium by 174.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 906,696 shares of the basic materials company’s stock valued at $25,469,000 after acquiring an additional 576,021 shares during the last quarter. TT International lifted its holdings in Ternium by 50.9% in the 2nd quarter. TT International now owns 869,423 shares of the basic materials company’s stock valued at $24,422,000 after acquiring an additional 293,260 shares during the last quarter. Finally, Investec Asset Management LTD lifted its holdings in Ternium by 26.7% in the 3rd quarter. Investec Asset Management LTD now owns 1,345,084 shares of the basic materials company’s stock valued at $41,603,000 after acquiring an additional 283,614 shares during the last quarter. 19.10% of the stock is owned by institutional investors.
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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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