Ternium S.A. (NYSE:TX) is expected to report third quarter earnings results, , on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.26 per share.
Looking ahead, the full year income are expected at $ 0.81 per share on the revenues of $ 8053.40 million.
Previous Quarter Performance
Ternium S.A. outlined income for the second quarter of $ 0.22 per share, from the revenue of $ 1,746.00 million. The quarterly earnings contracted 76.09 percent while revenues decreased 37.94 percent compared with the same quarter last year. Wall street analysts are predicting revenue of $ 1727.85 million The top line results outshined analysts by $ 18.15 million or 1.05 percent.
Stock Performance
Shares of Ternium S.A. traded low $ -0.13 or -0.65 percent on Monday, reaching $ 19.89 with volume of 248.10 thousand shares. Ternium S.A. has traded high as $ 20.40 and has cracked $ 19.82 on the downward trend
The closing price of $ 19.89, representing a 108.76 % increase from the 52 week low of $ 9.59 and a 15.35 % decrease over the 52 week high of $ 23.65.
The company has a market capital of $ 3.90 billion and is part of the Basic Materials sector and Steel industry.
Ternium S.A., through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron; and sells energy.
