Ternium SA (ADR) (TX) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.78 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.71. The company posted revenue of $1862.80 million in the period, compared to analysts expectations of $1837.81 million. The company’s revenue was down -6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on Ternium SA (ADR). Ternium SA (ADR) was Initiated by HSBC Securities to “Buy” on May 13, 2016.
Ternium SA (ADR) opened for trading at $21.7 and hit $21.8 on the upside on Friday, eventually ending the session at $21.71, with a gain of 0.32% or 0.07 points. The heightened volatility saw the trading volume jump to 2,80,230 shares. Company has a market cap of $4,352 M.
Ternium S.A. is a steel producer in Latin America. The Company manufactures and processes a range of steel products including galvanized and electro-galvanized sheets pre-painted sheets tinplate welded pipes hot-rolled flat products cold-rolled products bars and wire rods as well as slitted and cut-to-length offerings through its service centers. It operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products which comprises slabs hot rolled coils and sheets cold rolled coils and sheets tin plate welded pipes hot dipped galvanized and electro-galvanized sheets pre-painted sheets billets wire rod and bars and other products to serve its customers. The Steel segment comprises three operating segments: Mexico Southern Region and Other markets. The Mining segment includes the sales of mining products mainly iron ore and pellets and comprises the mining activities of Las Encinas Pena Colorada another iron ore mining company.