Media stories about Ternium (NYSE:TX) have trended positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ternium earned a news sentiment score of 0.31 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- $1.13 EPS Expected for Ternium S.A. (NYSE:TX) This Quarter (americanbankingnews.com)
- Check Out 5 Profitable Stocks for Spectacular Gains (finance.yahoo.com)
- Ternium S.A. (NYSE:TX) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)
- Ternium S.A. (NYSE:TX) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
Shares of Ternium (TX) traded up 0.66% on Friday, reaching $30.34. The company had a trading volume of 292,675 shares. The firm has a market capitalization of $5.96 billion, a P/E ratio of 7.81 and a beta of 1.06. The company’s 50-day moving average price is $27.71 and its 200 day moving average price is $25.77. Ternium has a 52 week low of $18.29 and a 52 week high of $31.33.
Ternium (NYSE:TX) last announced its earnings results on Tuesday, April 25th. The basic materials company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.52. Ternium had a net margin of 10.37% and a return on equity of 15.33%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the business earned $0.48 EPS. The company’s revenue was up 23.2% on a year-over-year basis. On average, analysts expect that Ternium will post $3.26 EPS for the current year.
A number of brokerages recently weighed in on TX. BidaskClub downgraded Ternium from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research downgraded Ternium from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $35.00 price objective (up previously from $33.00) on shares of Ternium in a research report on Friday, July 21st. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $30.50.
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Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
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