Ternium S.A. (NYSE:TX) Announces $0.09 Semi-Annual Dividend

Ternium S.A. (NYSE:TX - Get Free Report) declared a Semi-Annual dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.09 per share by the basic materials company on Tuesday, November 26th. This represents a yield of 8.5%. The ex-dividend date is Monday, November 18th.

Ternium has a dividend payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ternium to earn $6.62 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 66.5%.

Ternium Price Performance

NYSE TX traded up $0.14 on Thursday, reaching $36.54. 170,908 shares of the stock traded hands, compared to its average volume of 208,063. The firm's fifty day simple moving average is $34.83 and its 200 day simple moving average is $37.11. The company has a quick ratio of 1.57, a current ratio of 2.74 and a debt-to-equity ratio of 0.09. The company has a market cap of $7.17 billion, a price-to-earnings ratio of -10.31, a P/E/G ratio of 0.21 and a beta of 1.77. Ternium has a 12 month low of $30.68 and a 12 month high of $44.44.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.45 billion. Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The company's revenue was down 13.6% compared to the same quarter last year. During the same period last year, the company posted $1.38 EPS. As a group, research analysts predict that Ternium will post 4.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Ternium from a "hold" rating to a "buy" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $52.33.

Ternium Company Profile

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.