Analysts forecast that Ternium SA (NYSE:TX) will report $0.46 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have issued estimates for Ternium’s earnings. Ternium posted earnings of $0.60 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 23.3%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, February 20th.
On average, analysts expect that Ternium will report full year earnings of $4.32 per share for the current year, with EPS estimates ranging from $4.25 to $4.39. For the next fiscal year, analysts forecast that the firm will post earnings of $3.76 per share, with EPS estimates ranging from $3.47 to $4.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Ternium.
TX has been the topic of a number of research reports. Zacks Investment Research lowered shares of Ternium from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 4th. Santander upgraded shares of Ternium from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. Morgan Stanley upgraded shares of Ternium from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 6th. ValuEngine upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. Finally, Scotiabank set a $43.00 price objective on shares of Ternium and gave the stock a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $33.08.
Shares of Ternium (TX) traded down $0.08 during trading on Friday, reaching $33.01. 667,341 shares of the company’s stock were exchanged, compared to its average volume of 418,584. The firm has a market cap of $6,620.00, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 1.14 and a beta of 1.15. Ternium has a twelve month low of $22.22 and a twelve month high of $36.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.68.
Several large investors have recently added to or reduced their stakes in the company. Stifel Financial Corp acquired a new stake in Ternium during the third quarter valued at $652,000. Van ECK Associates Corp grew its position in Ternium by 8.3% during the third quarter. Van ECK Associates Corp now owns 496,360 shares of the basic materials company’s stock valued at $15,352,000 after buying an additional 38,109 shares during the period. Copper Rock Capital Partners LLC grew its position in Ternium by 31.9% during the fourth quarter. Copper Rock Capital Partners LLC now owns 218,974 shares of the basic materials company’s stock valued at $6,882,000 after buying an additional 53,005 shares during the period. Trexquant Investment LP acquired a new stake in Ternium during the third quarter valued at $317,000. Finally, Contrarian Capital Management L.L.C. grew its position in Ternium by 3.5% during the third quarter. Contrarian Capital Management L.L.C. now owns 1,172,400 shares of the basic materials company’s stock valued at $36,262,000 after buying an additional 40,167 shares during the period. Hedge funds and other institutional investors own 19.36% of the company’s stock.
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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