Ternium (TX) Earning Somewhat Positive News Coverage, Report Shows

News articles about Ternium (NYSE:TX) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ternium earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.5841077117003 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Ternium from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 4th. Morgan Stanley raised shares of Ternium from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Ternium has a consensus rating of “Hold” and an average price target of $30.50.

Ternium (NYSE:TX) traded up $0.72 on Wednesday, reaching $28.71. 374,493 shares of the company traded hands, compared to its average volume of 411,849. The company has a market cap of $5,767.64, a PE ratio of 6.87 and a beta of 1.09. Ternium has a 1-year low of $22.17 and a 1-year high of $33.39. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 0.32.

Ternium (NYSE:TX) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.66 by $0.33. Ternium had a net margin of 9.86% and a return on equity of 15.49%. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the firm posted $1.17 EPS. The firm’s revenue was up 33.6% compared to the same quarter last year. equities research analysts predict that Ternium will post 3.98 EPS for the current fiscal year.

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About Ternium

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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