Wall Street brokerages expect Ternium S.A. (NYSE:TX) to post earnings of $1.13 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Ternium’s earnings. Ternium posted earnings per share of $0.78 during the same quarter last year, which would indicate a positive year-over-year growth rate of 44.9%. The company is expected to announce its next earnings report after the market closes on Tuesday, August 1st.
According to Zacks, analysts expect that Ternium will report full year earnings of $3.87 per share for the current fiscal year, with EPS estimates ranging from $3.72 to $4.01. For the next financial year, analysts expect that the business will post earnings of $3.33 per share, with EPS estimates ranging from $3.16 to $3.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Ternium.
Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Ternium from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Saturday, June 17th. BidaskClub upgraded Ternium from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $35.00 target price (up previously from $33.00) on shares of Ternium in a research note on Friday, July 21st. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $30.50.
Institutional investors have recently bought and sold shares of the stock. World Asset Management Inc increased its stake in shares of Ternium by 0.3% in the first quarter. World Asset Management Inc now owns 12,437 shares of the basic materials company’s stock valued at $325,000 after buying an additional 41 shares in the last quarter. Comerica Bank increased its stake in shares of Ternium by 1.3% in the first quarter. Comerica Bank now owns 11,493 shares of the basic materials company’s stock valued at $293,000 after buying an additional 149 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Ternium by 0.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 62,583 shares of the basic materials company’s stock valued at $1,635,000 after buying an additional 167 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Ternium by 6.5% in the first quarter. Ameriprise Financial Inc. now owns 10,772 shares of the basic materials company’s stock valued at $281,000 after buying an additional 654 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Ternium by 3.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 20,062 shares of the basic materials company’s stock valued at $524,000 after buying an additional 689 shares in the last quarter. Institutional investors own 21.66% of the company’s stock.
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Shares of Ternium (NYSE TX) traded down 0.39% during trading on Thursday, reaching $30.48. 418,437 shares of the company were exchanged. Ternium has a 1-year low of $18.29 and a 1-year high of $31.88. The firm has a market capitalization of $6.11 billion, a P/E ratio of 7.85 and a beta of 1.05. The firm’s 50 day moving average is $28.08 and its 200 day moving average is $25.93.
Ternium Company Profile
Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
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