Ternium (NYSE:TX) Posts Earnings Results, Misses Expectations By $1.39 EPS

Ternium (NYSE:TX - Get Free Report) issued its quarterly earnings data on Tuesday. The basic materials company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($1.39), Zacks reports. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $4.18 billion.

Ternium Price Performance

Shares of NYSE TX traded down $0.28 during trading on Friday, hitting $29.51. The company had a trading volume of 290,059 shares, compared to its average volume of 280,573. The business's 50-day moving average is $29.46 and its 200 day moving average is $32.60. The company has a market cap of $5.79 billion, a P/E ratio of -105.38, a PEG ratio of 0.38 and a beta of 1.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. Ternium has a 52 week low of $28.00 and a 52 week high of $44.44.

Ternium Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be issued a $1.80 dividend. This is an increase from Ternium's previous semi-annual dividend of $0.09. This represents a dividend yield of 10.3%. The ex-dividend date is Friday, May 9th. Ternium's payout ratio is presently -642.83%.

Analysts Set New Price Targets

A number of analysts have commented on TX shares. The Goldman Sachs Group dropped their price target on shares of Ternium from $45.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. StockNews.com cut Ternium from a "buy" rating to a "hold" rating in a report on Thursday, November 14th.

About Ternium

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.