Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.89. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Ternium had a return on equity of 21.81% and a net margin of 11.58%. Ternium’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. Sell-side analysts expect that Ternium will post 6.89 earnings per share for the current fiscal year.
1 – Representatives announced legal action against the Soulpepper Theatre Company and its co-founder, Albert Schultz, over sexual-harassment allegations had been “resolved.” Schultz had resigned from the Toronto theatre company in January, hours after four actresses filed lawsuits alleging he groped them, exposed himself, pressed against them or otherwise behaved inappropriately.
When asked that question, Fuhrmann said the placement of the majority of the vehicle’s weight—between the wheels (because of the battery) instead of above the front wheels as seen on most front-drive cars of today—meant the rear wheels made the most sense from a traction standpoint. On top of that, he said, rear drive offered better vehicle agility.
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
9 – The federal government announced it had reached voluntary, five-year deals with Visa, Mastercard and American Express to trim the fees they charge Canadian businesses by 10 basis points. It said the move was expected to save small and medium-sized companies a total of $250 million per year.
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12 – Princess Eugenie married tequila executive Jack Brooksbank in a star-studded royal wedding at St. George’s Chapel on the grounds of Windsor Castle in London.
Other analysts have also recently issued reports about the company. ValuEngine upgraded Ternium from a strong sell rating to a sell rating in a research report on Wednesday, October 3rd. Santander lowered Ternium from a buy rating to a hold rating in a research note on Wednesday, December 12th. Zacks Investment Research lowered Ternium from a strong-buy rating to a hold rating in a research note on Tuesday, October 23rd. Banco Santander downgraded Ternium to a hold rating and set a $35.00 target price for the company. in a research report on Wednesday, December 12th. Finally, Bank of America restated an underperform rating and set a $32.00 target price on shares of Ternium in a research report on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $39.25.
Thailand is one of the main factors backing the fast-paced Asian economy growth. Like its home region, the nation had also been forged by and through time.
This is good news, because while car enthusiasts might decry the electric car revolution for the further death of manual transmissions and also the death of roaring engine sounds, at least some future economy cars will send power to the right set of wheels.
A number of hedge funds have recently modified their holdings of the stock. Allianz Asset Management GmbH increased its holdings in Ternium by 0.6% during the third quarter. Allianz Asset Management GmbH now owns 356,383 shares of the basic materials company’s stock valued at $10,794,000 after buying an additional 1,973 shares during the period. BlackRock Inc. grew its holdings in Ternium by 75.9% in the third quarter. BlackRock Inc. now owns 10,768 shares of the basic materials company’s stock worth $326,000 after purchasing an additional 4,647 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Ternium by 15.9% in the second quarter. Advisors Asset Management Inc. now owns 42,599 shares of the basic materials company’s stock worth $1,483,000 after purchasing an additional 5,830 shares during the last quarter. BB&T Securities LLC purchased a new position in Ternium in the second quarter worth $214,000. Finally, Nordea Investment Management AB purchased a new position in Ternium in the third quarter worth $242,000. 18.57% of the stock is currently owned by institutional investors.
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