News headlines about Ternium (NYSE:TX) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ternium earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.2070741025206 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several analysts have commented on TX shares. Zacks Investment Research cut shares of Ternium from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. ValuEngine cut shares of Ternium from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 17th. Credit Suisse Group raised shares of Ternium from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 15th. Finally, Scotiabank reissued a “buy” rating and set a $47.00 price objective on shares of Ternium in a research note on Friday, April 20th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $37.25.
Ternium opened at $35.41 on Tuesday, MarketBeat.com reports. The company has a current ratio of 1.65, a quick ratio of 0.70 and a debt-to-equity ratio of 0.28. The firm has a market cap of $7.26 billion, a P/E ratio of 7.85 and a beta of 1.07. Ternium has a twelve month low of $25.27 and a twelve month high of $42.43.
Ternium (NYSE:TX) last posted its earnings results on Wednesday, April 25th. The basic materials company reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.70. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.72 billion. Ternium had a net margin of 9.47% and a return on equity of 16.99%. The business’s quarterly revenue was up 42.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.33 EPS. sell-side analysts forecast that Ternium will post 6.13 EPS for the current year.
Ternium SA, through its subsidiaries, manufactures and processes 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 in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.
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