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Ternium (NYSE:TX - Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, August 2nd. Analysts expect Ternium to post earnings of $3.93 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.
Ternium (NYSE:TX - Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The basic materials company reported $3.95 earnings per share for the quarter, beating the consensus estimate of $2.92 by $1.03. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.25 billion. Ternium had a return on equity of 34.27% and a net margin of 23.32%. During the same quarter in the prior year, the firm posted $3.07 earnings per share. On average, analysts expect Ternium to post $13 EPS for the current fiscal year and $8 EPS for the next fiscal year. Ternium Trading Up 2.7 %
Shares of Ternium stock opened at $34.01 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 3.20 and a debt-to-equity ratio of 0.07. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 1.67 and a beta of 1.59. The business has a fifty day simple moving average of $38.17 and a 200-day simple moving average of $41.33. Ternium has a fifty-two week low of $29.83 and a fifty-two week high of $56.86. Analyst Ratings Changes
Several equities research analysts have recently commented on TX shares. Morgan Stanley reduced their target price on Ternium from $48.00 to $39.00 and set an "equal weight" rating for the company in a report on Wednesday, July 6th. StockNews.com raised Ternium from a "buy" rating to a "strong-buy" rating in a report on Thursday, July 14th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.43.Institutional Investors Weigh In On Ternium
Hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC increased its position in Ternium by 6,399.5% in the 1st quarter. Lazard Asset Management LLC now owns 1,060,919 shares of the basic materials company's stock worth $48,429,000 after purchasing an additional 1,044,596 shares during the last quarter. Wellington Management Group LLP acquired a new position in Ternium in the 1st quarter worth about $2,882,000. BNP Paribas Arbitrage SA increased its position in Ternium by 262.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 26,771 shares of the basic materials company's stock worth $1,222,000 after purchasing an additional 19,387 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in Ternium in the 1st quarter worth about $868,000. Finally, Northern Trust Corp increased its holdings in shares of Ternium by 269.3% during the 1st quarter. Northern Trust Corp now owns 23,356 shares of the basic materials company's stock valued at $1,066,000 after acquiring an additional 17,032 shares during the last quarter. 12.28% of the stock is owned by hedge funds and other institutional investors. Ternium Company Profile (Get Rating)
Ternium SA manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy.Further ReadingGet a free copy of the StockNews.com research report on Ternium (TX)Taking a Look at Nvidia's Stock Amidst The Semiconductor Chip GutPalantir Stock is Showing Signs of Life The Institutions Like The Color Of PPG Industries What Investors Need to Know to Beat the MarketAlcoa Is Well-Positioned For 2022 and 2023
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