Ternium S.A. (NYSE:TX) Announces Semi-Annual Dividend of $0.09

Ternium S.A. (NYSE:TX) declared a Semi-Annual dividend on Tuesday, November 5th,Zacks Dividends reports. Investors of record on Monday, November 18th will be given a dividend of 0.09 per share by the basic materials company on Tuesday, November 26th. This represents a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, November 18th.

Ternium has a payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ternium to earn $6.54 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 27.5%.

Ternium Trading Up 2.3 %

NYSE:TX opened at $34.19 on Friday. Ternium has a 12 month low of $30.68 and a 12 month high of $44.44. 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 stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 85.48, a PEG ratio of 0.24 and a beta of 1.77. The firm has a fifty day simple moving average of $35.08 and a two-hundred day simple moving average of $36.76.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period last year, the business posted $1.38 EPS. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. Analysts expect that Ternium will post 3.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Ternium from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.33.

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.