Ternium (NYSE:TX) Reaches New 12-Month Low After Earnings Miss

Ternium S.A. (NYSE:TX)’s share price reached a new 52-week low during mid-day trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $28.00 and last traded at $29.03, with a volume of 93131 shares trading hands. The stock had previously closed at $31.37.

The basic materials company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.97 by ($1.39). The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $4.18 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%.

Ternium Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th will be given a $1.80 dividend. The ex-dividend date is Friday, May 9th. This represents a yield of 10.3%. This is a boost from Ternium’s previous semi-annual dividend of $0.09. Ternium’s payout ratio is currently 450.01%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Aquatic Capital Management LLC increased its holdings in Ternium by 28.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 482 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Ternium by 500.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of Ternium by 249.5% in the fourth quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 1,200 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Ternium by 14.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 1,289 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Ternium during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Stock Performance

The company has a market capitalization 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. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The company’s fifty day moving average is $29.53 and its 200 day moving average is $32.64.

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.