10-May-2024
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Shareholders Approve all Resolutions on the Agenda of Ternium's Annual General Meeting
ACCESSWIRE (Tue, 30-Apr 4:16 PM ET)
Tenaris Announces 2024 First Quarter Results
Globe Newswire (Thu, 25-Apr 4:30 PM ET)
Ternium Announces First Quarter of 2024 Results
ACCESSWIRE (Wed, 24-Apr 4:21 PM ET)
ACCESSWIRE (Wed, 27-Mar 6:33 PM ET)
Ternium Announces Annual General Meeting of Shareholders
ACCESSWIRE (Fri, 15-Mar 5:26 PM ET)
Tenaris Announces 2023 Fourth Quarter and Annual Results
Globe Newswire (Wed, 21-Feb 4:27 PM ET)
Ternium Announces Fourth Quarter and Full Year 2023 Results
ACCESSWIRE (Tue, 20-Feb 4:17 PM ET)
Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel, Usiminas and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The Usiminas segment include iron ore extraction, steel transformation, production of capital goods and logistics. The vast majority of its revenue comes from the steel segment and geographically from Mexico.
Ternium S.A. Ternium S.A. American Depositary Shares (Each Representing Ten Shares Usd1.00 Par Value) trades on the NYSE stock market under the symbol TX.
As of May 10, 2024, TX stock price climbed to $42.18 with 370,786 million shares trading.
TX has a beta of 0.71, meaning it tends to be less sensitive to market movements. TX has a correlation of 0.10 to the broad based SPY ETF.
TX has a market cap of $8.28 billion. This is considered a Mid Cap stock.
Last quarter Ternium S.A. Ternium S.A. American Depositary Shares (Each Representing Ten Shares Usd1.00 Par Value) reported $5 billion in Revenue and $1.84 earnings per share. This beat revenue expectation by $28 million and exceeded earnings estimates by $.30.
In the last 3 years, TX stock traded as high as $56.86 and as low as $26.01.
The top ETF exchange traded funds that TX belongs to (by Net Assets): SLX, GLRY, CVY, APIE, IUS.
TX has underperformed the market in the last year with a price return of +16.6% while the SPY ETF gained +27.8%. However, in the short term, TX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.3% vs +4.2% return in SPY. But in the last 2 weeks, TX shares have been beat by the market, returning +1.8% compared to an SPY return of +2.5%.
TX support price is $40.81 and resistance is $42.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TX stock will trade within this expected range on the day.