Ternium S.A. (NYSE:TX) Increases Dividend to $1.80 Per Share

Ternium S.A. (NYSE:TX) announced a semi-annual dividend on Wednesday, February 19th,Wall Street Journal reports. Shareholders of record on Friday, May 9th will be given a dividend of 1.80 per share by the basic materials company on Wednesday, May 14th. This represents a yield of 10.3%. The ex-dividend date is Friday, May 9th. This is an increase from Ternium’s previous semi-annual dividend of $0.09.

Ternium has raised its dividend by an average of 2.3% per year over the last three years. Ternium has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ternium to earn $4.37 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 41.2%.

Ternium Stock Down 4.1 %

Ternium stock traded down $1.27 during midday trading on Wednesday, reaching $30.10. The company’s stock had a trading volume of 436,324 shares, compared to its average volume of 245,065. The company has a market cap of $5.91 billion, a P/E ratio of 75.25, a P/E/G ratio of 0.39 and a beta of 1.76. Ternium has a fifty-two week low of $28.00 and a fifty-two week high of $44.44. The company has a quick ratio of 1.67, a current ratio of 2.92 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $29.57 and a 200-day simple moving average of $32.66.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.97 by ($1.39). Ternium had a return on equity of 4.70% and a net margin of 0.42%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $4.18 billion. On average, research analysts expect that Ternium will post 3.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. StockNews.com lowered shares of Ternium from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

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.