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

Ternium (NYSE:TX) announced its earnings results on Tuesday. The basic materials company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.97 by ($1.39), Zacks reports. Ternium had a return on equity of 4.70% and a net margin of 0.42%.

Ternium Trading Up 3.5 %

NYSE:TX traded up $1.08 during mid-day trading on Tuesday, hitting $31.40. The company had a trading volume of 264,512 shares, compared to its average volume of 238,992. Ternium has a fifty-two week low of $28.37 and a fifty-two week high of $44.44. The business’s fifty day moving average is $29.57 and its two-hundred day moving average is $32.66. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92. The firm has a market cap of $6.16 billion, a P/E ratio of 78.49, a P/E/G ratio of 0.34 and a beta of 1.76.

Analyst Ratings Changes

TX has been the topic of several research analyst reports. StockNews.com cut Ternium from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. The Goldman Sachs Group decreased their target price on Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 6th.

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.