Ternium S.A. (NYSE:TX – Get Free Report) declared a dividend on Tuesday, November 3rd. Shareholders of record on Monday, November 16th will be given a dividend of $0.90 per share by the basic materials company on Tuesday, November 17th. This represents a yield of 349.0%. The ex-dividend date is Monday, November 16th.
Ternium has increased its dividend by an average of 0.2% annually over the last three years. Ternium has a payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ternium to earn $8.31 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 31.3%.
Ternium Stock Down 0.5%
Shares of TX opened at $51.37 on Thursday. The business’s fifty day moving average price is $56.17 and its two-hundred day moving average price is $47.74. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.14 and a beta of 1.17. Ternium has a 52 week low of $35.12 and a 52 week high of $60.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.43 and a current ratio of 2.58.
Ternium (NYSE:TX – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.37). The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Ternium had a return on equity of 5.82% and a net margin of 5.74%. Ternium’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. On average, analysts predict that Ternium will post 6.52 earnings per share for the current year.
Ternium Company Profile
Ternium SA is a steel producer serving customers primarily in the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, galvanized and pre-painted steel, hot- and cold-rolled products, steel bars, wire rod, and tubular products.
Ternium supplies industries such as construction, automotive, appliance manufacturing, energy, transportation, and agriculture. Its operations include iron ore mining, steelmaking, rolling, coating, processing, and distribution, allowing it to offer both commodity and higher-value-added steel products.
The company has industrial and commercial operations across Latin America, including Mexico, Brazil, Argentina, Colombia, and other markets in the region, as well as a presence in the United States and Central America.
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