Ternium (NYSE:TX) Reaches New 52-Week Low on Disappointing Earnings

Ternium S.A. (NYSE:TX) hit a new 52-week low on Wednesday following a dissappointing earnings announcement. The stock traded as low as $28.00 and last traded at $29.03, with a volume of 93131 shares. 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 company had revenue of $3.88 billion during 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 company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be given a $1.80 dividend. This is a positive change from Ternium’s previous semi-annual dividend of $0.09. This represents a dividend yield of 10.3%. The ex-dividend date is Friday, May 9th. Ternium’s dividend payout ratio (DPR) is 450.01%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com cut shares of Ternium from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. The Goldman Sachs Group decreased their price target on shares of Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 6th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TX. NewEdge Advisors LLC lifted its position in Ternium by 500.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. Headlands Technologies LLC raised its position in shares of Ternium by 249.5% during the 4th quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock valued at $49,000 after buying an additional 1,200 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Ternium during the 4th quarter worth $54,000. Aquatic Capital Management LLC grew its position in Ternium by 28.4% in the fourth 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 in the last quarter. Finally, R Squared Ltd bought a new position in Ternium in the fourth quarter valued at $88,000. 11.98% of the stock is currently owned by institutional investors.

Ternium Stock Down 4.1 %

The company has a quick ratio of 1.67, a current ratio of 2.92 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $29.53 and a two-hundred day simple moving average of $32.64. The firm has a market cap of $5.91 billion, a PE ratio of 75.25, a P/E/G ratio of 0.39 and a beta of 1.76.

About Ternium

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.