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

Ternium S.A. (NYSE:TX) announced a Semi-Annual dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders 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 is Monday, November 18th.

Ternium has a dividend payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NYSE TX opened at $34.19 on Friday. The stock has a fifty day simple moving average of $35.08 and a 200-day simple moving average of $36.72. Ternium has a twelve month low of $30.68 and a twelve 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 cap of $6.71 billion, a PE ratio of 85.48, a P/E/G ratio of 0.24 and a beta of 1.77.

Ternium (NYSE:TX) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share (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 firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the business earned $1.38 EPS. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. Equities analysts anticipate that Ternium will post 3.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Ternium from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Ternium presently has an average rating of “Moderate Buy” and an average price target of $52.33.

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.