Ternium (NYSE:TX – Get Free Report) posted its quarterly earnings results on Wednesday. The basic materials company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.54, Briefing.com reports. Ternium had a return on equity of 10.84% and a net margin of 3.84%. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.77 billion. During the same quarter in the previous year, the firm earned $1.91 EPS. The business’s quarterly revenue was up 31.9% on a year-over-year basis.
Ternium Stock Up 0.5 %
NYSE TX traded up $0.20 during mid-day trading on Thursday, reaching $42.35. The stock had a trading volume of 251,139 shares, compared to its average volume of 184,369. The company has a fifty day moving average price of $40.93 and a 200 day moving average price of $39.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.17 and a quick ratio of 1.86. The stock has a market cap of $8.49 billion, a PE ratio of 12.27 and a beta of 1.69. Ternium has a 1 year low of $35.22 and a 1 year high of $45.58.
Ternium Increases Dividend
The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, May 3rd will be paid a dividend of $2.20 per share. This is a boost from Ternium’s previous Semi-Annual dividend of $1.10. The ex-dividend date is Thursday, May 2nd. This represents a yield of 6.9%. Ternium’s payout ratio is presently 63.95%.
Analyst Ratings Changes
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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.
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