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 through two segments, Steel and Mining. The Steel segment offers 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 products; and sells energy. The Mining segment sells iron ore and pellets. The company also provides medical and social, financial, scrap, and engineering and other services, as well as operates as a distribution company. It serves various companies and small businesses in the automotive, home appliance, construction, capital goods, container, food, and energy industries, as well as the heat, ventilation, and air conditioning sector. The company was founded in 1961 and is based in Luxembourg City, Luxembourg. Ternium S.A. is a subsidiary of Techint Holdings S.Ã r.l.
IPO Year:
Exchange: NYSE
Website: ternium.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/20/2023 | Neutral → Buy | BofA Securities | |
| 6/12/2023 | $56.00 → $47.00 | Buy → Neutral | BofA Securities |
| 3/9/2023 | $40.00 → $49.00 | Outperform → Market Perform | Itau BBA |
| 3/6/2023 | $34.00 → $52.00 | Equal-Weight → Overweight | Morgan Stanley |
| 2/1/2023 | $50.00 | Buy | Citigroup |
| 1/23/2023 | $38.00 → $42.00 | Neutral → Buy | BofA Securities |
| 8/26/2022 | $53.00 → $40.00 | Buy → Neutral | BofA Securities |
| 3/11/2022 | $38.00 → $43.00 | Underperform → Peer Perform | Wolfe Research |
| 1/11/2022 | $45.00 | Peer Perform → Underperform | Wolfe Research |
| 12/20/2021 | $63.00 → $61.00 | Sector Perform → Sector Outperform | Scotiabank |
The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("
LUXEMBOURG / ACCESSWIRE / November 5, 2024 / Ternium S.A. (NYSE:TX) today announced its results for the third quarter and first nine months ended September 30, 2024.The financial and operational information contained in this press release is based on Ternium S.A.'s operational data and consolidated condensed interim financial statements prepared in accordance with IAS 34 "Interim financial reporting" (IFRS) and presented in US dollars ($) and metric tons. Interim financial figures are unaudited. This press release includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Cash Operating Income, Net Cash, Free Cash Flow, Adjusted Net Income, Adjusted Equity Holders' N
The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, July 31, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("
LUXEMBOURG / ACCESSWIRE / July 30, 2024 / Ternium S.A. (NYSE:TX) today announced its results for the second quarter and first half ended June 30, 2024.The financial and operational information contained in this press release is based on Ternium S.A.'s operational data and consolidated condensed interim financial statements prepared in accordance with IAS 34 "Interim financial reporting" (IFRS) and presented in US dollars ($) and metric tons. Interim financial figures are unaudited. This press release includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Cash Operating Income, Net Cash, Free Cash Flow, Adjusted Net Income, Adjusted Equity Holders' Net Income and
LUXEMBOURG / ACCESSWIRE / April 30, 2024 / Ternium S.A. (NYSE:TX) announced that its annual general meeting of shareholders held on April 30, 2024, approved all resolutions on its agenda.Among other resolutions adopted, the shareholders approved the Company's financial statements for the year ended December 31, 2023, and the proposed annual dividend of $0.33 per share ($3.30 per ADS). The annual dividend includes the interim dividend of $0.11 per share ($1.10 per ADS) paid in November 2023. A net dividend of $0.22 per share ($2.20 per ADS) will be paid on May 8, 2024, to all shareholders of record as of May 3, 2024.The annual general meeting resolved to maintain the number of directors at ei
The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Net cash / debt, Free Cash Flow and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Ten
LUXEMBOURG / ACCESSWIRE / April 24, 2024 / Ternium S.A. (NYSE:TX) today announced its results for the first quarter ended March 31, 2024.The financial and operational information contained in this press release is based on Ternium S.A.'s operational data and consolidated condensed interim financial statements prepared in accordance with IAS 34 "Interim financial reporting" (IFRS) and presented in US dollars ($) and metric tons. Interim financial figures are unaudited. This press release includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Cash Operating Income, Net Cash, Free Cash Flow, Adjusted Net Income, Adjusted Equity Holders' Net Income and Adjusted Earni
The financial and operational information contained in this press release is based on audited consolidated financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS Accounting Standards. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("T
LUXEMBOURG / ACCESSWIRE / February 20, 2024 / Ternium S.A. (NYSE:TX) today announced its results for the fourth quarter and full year ended December 31, 2023.The financial and operational information contained in this press release is based on Ternium S.A.'s operational data and consolidated condensed financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and presented in US dollars ($) and metric tons. This press release includes certain non-IFRS alternative performance measures such as Adjusted Net Result, Adjusted Equity Holders' Net Result, Adjusted Earnings per ADS, Adjusted EBITDA, Net Cash and Free Cash Flow. The reconciliation of these fig
The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Te
The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("
LUXEMBOURG / ACCESSWIRE / November 5, 2024 / Ternium S.A. (NYSE:TX) today announced its results for the third quarter and first nine months ended September 30, 2024.The financial and operational information contained in this press release is based on Ternium S.A.'s operational data and consolidated condensed interim financial statements prepared in accordance with IAS 34 "Interim financial reporting" (IFRS) and presented in US dollars ($) and metric tons. Interim financial figures are unaudited. This press release includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Cash Operating Income, Net Cash, Free Cash Flow, Adjusted Net Income, Adjusted Equity Holders' N
LUXEMBOURG / ACCESSWIRE / September 26, 2024 / Ternium S.A. (NYSE:TX) today released its Sustainability Report 2023. The report outlines Ternium's strategy, performance, risks, and governance across various sustainability topics, including Climate Change, Environment, People, Communities, and the Value Chain. It also emphasizes that integrity is crucial to Ternium's long-term sustainability.Ternium's Sustainability Report has been prepared following the international standards set by the GRI (Global Reporting Initiative) and the SASB (Sustainability Accounting Standards Board) for Iron & Steel Producers, as well as the guidelines from the World Steel Association. It also aligns with the reco
The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, July 31, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("
LUXEMBOURG / ACCESSWIRE / July 30, 2024 / Ternium S.A. (NYSE:TX) today announced its results for the second quarter and first half ended June 30, 2024.The financial and operational information contained in this press release is based on Ternium S.A.'s operational data and consolidated condensed interim financial statements prepared in accordance with IAS 34 "Interim financial reporting" (IFRS) and presented in US dollars ($) and metric tons. Interim financial figures are unaudited. This press release includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Cash Operating Income, Net Cash, Free Cash Flow, Adjusted Net Income, Adjusted Equity Holders' Net Income and
LUXEMBOURG / ACCESSWIRE / June 18, 2024 / Ternium S.A. (NYSE:TX) announced today that the Brazilian Superior Court of Justice (SCJ) resolved that Ternium's subsidiaries Ternium Investments and Ternium Argentina, and Tenaris's subsidiary Confab, all of which compose the T/T Group under the Usiminas shareholders agreement, should pay Companhia Siderúrgica Nacional, or CSN, an indemnification in connection with the acquisition by the T/T Group of a participation in Usiminas in January 2012.CSN and various entities affiliated with CSN had filed a lawsuit in Brazil against the T/T Group, alleging that, under applicable Brazilian laws and rules, the acquirers were required to launch a tag-along te
LUXEMBOURG / ACCESSWIRE / April 30, 2024 / Ternium S.A. (NYSE:TX) announced that its annual general meeting of shareholders held on April 30, 2024, approved all resolutions on its agenda.Among other resolutions adopted, the shareholders approved the Company's financial statements for the year ended December 31, 2023, and the proposed annual dividend of $0.33 per share ($3.30 per ADS). The annual dividend includes the interim dividend of $0.11 per share ($1.10 per ADS) paid in November 2023. A net dividend of $0.22 per share ($2.20 per ADS) will be paid on May 8, 2024, to all shareholders of record as of May 3, 2024.The annual general meeting resolved to maintain the number of directors at ei
The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Net cash / debt, Free Cash Flow and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) ("Ten
LUXEMBOURG / ACCESSWIRE / April 24, 2024 / Ternium S.A. (NYSE:TX) today announced its results for the first quarter ended March 31, 2024.The financial and operational information contained in this press release is based on Ternium S.A.'s operational data and consolidated condensed interim financial statements prepared in accordance with IAS 34 "Interim financial reporting" (IFRS) and presented in US dollars ($) and metric tons. Interim financial figures are unaudited. This press release includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Cash Operating Income, Net Cash, Free Cash Flow, Adjusted Net Income, Adjusted Equity Holders' Net Income and Adjusted Earni
LUXEMBOURG / ACCESSWIRE / March 27, 2024 / Ternium S.A. (NYSE:TX) announced that it has filed its annual report on Form 20-F, for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission (SEC). The annual report can be downloaded from the SEC's website at www.sec.gov and from Ternium's website at www.ternium.com, in the Investors section.About TerniumTernium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of ou
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6-K - Ternium S.A. (0001342874) (Filer)
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6-K - Ternium S.A. (0001342874) (Filer)
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BofA Securities upgraded Ternium S.A. from Neutral to Buy
BofA Securities downgraded Ternium S.A. from Buy to Neutral and set a new price target of $47.00 from $56.00 previously
Itau BBA downgraded Ternium S.A. from Outperform to Market Perform and set a new price target of $49.00 from $40.00 previously
Morgan Stanley upgraded Ternium S.A. from Equal-Weight to Overweight and set a new price target of $52.00 from $34.00 previously
Citigroup resumed coverage of Ternium S.A. with a rating of Buy and set a new price target of $50.00
BofA Securities upgraded Ternium S.A. from Neutral to Buy and set a new price target of $42.00 from $38.00 previously
BofA Securities downgraded Ternium S.A. from Buy to Neutral and set a new price target of $40.00 from $53.00 previously
Wolfe Research upgraded Ternium S.A. from Underperform to Peer Perform and set a new price target of $43.00 from $38.00 previously
Wolfe Research downgraded Ternium from Peer Perform to Underperform and set a new price target of $45.00
Scotiabank upgraded Ternium from Sector Perform to Sector Outperform and set a new price target of $61.00 from $63.00 previously
- Reuters
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Steel Dynamics Inc (NASDAQ:STLD) On May 20, Jefferies analyst Christopher LeFemina initiated coverage on Steel Dynamics with a
JP Morgan analyst Rodolfo Angele maintains Ternium (NYSE:TX) with a Overweight and raises the price target from $54 to $56.
Ternium (NYSE:TX) reported quarterly earnings of $1.84 per share which beat the analyst consensus estimate of $1.54 by 19.48 percent. The company reported quarterly sales of $4.778 billion which beat the analyst consensus estimate of $4.751 billion by 0.56 percent. This is a 31.88 percent increase over sales of $3.623 billion the same period last year.
Top Stories for April 5, 2024: 1. Nucor Corporation (NYSE:NUE) introduced a weekly Consumer Spot Price (CSP) for hot-rolled coil spot pricing starting April 8, 2024, to provide customers with clear, timely information through consistent and transparent pricing. The CSP is based on qualitative and quantitative data and aims to minimize speculation and risk by updating every Monday, with lead times for orders between three and five weeks. 2. Cleveland-Cliffs (NYSE:CLF) praised the Department of Energy's new transformer efficiency standard that ensures the continued use of Grain-Oriented Electrical Steel (GOES) in its key markets. This decision highlights the critical role of Clev
Goldman Sachs analyst Thiago Ojea maintains Ternium (NYSE:TX) with a Buy and raises the price target from $49 to $54.
Top Stories for March 21, 2024: 1. Commercial Metals Company (NYSE:CMC) reported fiscal second quarter financial results. The company reported earnings of $85.8 million (73 cents per share) on $1.8 billion sales, down from the previous year’s $179.8 million ($1.51 per share) on $2 billion. Adjusting for a $17.2 million charge related to the Arizona 2 micro mill, earnings were $103.1 million (88 cents per share), compared to last year’s adjusted $171.3 million ($1.44 per share). Core EBITDA was $224.4 million with a 12.1% margin and the company saw a peak in downstream contract awards in nearly two years, indicating a strong upcoming construction season. Both North America a
JP Morgan analyst Rodolfo Angele maintains Ternium (NYSE:TX) with a Overweight and raises the price target from $48 to $51.5.
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