Ternium S.A. (TX) to Issue Semi-annual Dividend of $1.80 on May 14th

Ternium S.A. (NYSE:TX) announced a semi-annual dividend on Wednesday, February 19th, Wall Street Journal reports. Investors of record on Friday, May 9th will be given a dividend of 1.80 per share by the basic materials company on Wednesday, May 14th. This represents a yield of 10.3%. The ex-dividend date is Friday, May 9th. This is a 1,900.0% increase from Ternium’s previous semi-annual dividend of $0.09.

Ternium has increased its dividend by an average of 2.3% per year over the last three years. Ternium has a dividend payout ratio of 67.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ternium to earn $6.05 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 59.5%.

Ternium Stock Down 0.8 %

Shares of NYSE:TX opened at $29.44 on Wednesday. Ternium has a 12-month low of $24.00 and a 12-month high of $43.93. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.90 billion, a PE ratio of -105.15, a price-to-earnings-growth ratio of 0.38 and a beta of 1.53. The company has a fifty day simple moving average of $29.52 and a 200 day simple moving average of $30.67.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, April 29th. The basic materials company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.33 by $0.22. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $4 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The business’s revenue was down 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 EPS. On average, equities research analysts anticipate that Ternium will post 4.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TX shares. The Goldman Sachs Group cut their price target on Ternium from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Bank of America reaffirmed an “underperform” rating and issued a $25.00 price target on shares of Ternium in a research note on Monday, April 7th. Finally, UBS Group initiated coverage on Ternium in a research note on Wednesday, March 12th. They set a “neutral” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Ternium currently has an average rating of “Hold” and a consensus target price of $37.00.

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.