With Sluggish Demand, Is Ternium Really So Cheap? [Seeking Alpha]
Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value) (TX)
Last ternium s.a. ternium s.a. american depositary shares (each representing ten shares, usd1.00 par value) earnings: 4/28 04:15 pm
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US:NYSE Investor Relations:
prod3w-br.ternium.com/en/centro-de-inversores
Company Research
Source: Seeking Alpha
Summary Just so there’s no confusion later, I’ll state my conclusion right off the top – I still like Ternium ( TX ) and I still think this Mexican steelmaker is trading too cheaply. But the shares haven’t done much this year and they’re down about 14% over the past three months, while other steel companies like Steel Dynamics ( STLD ), Nucor ( NUE ), Gerdau ( GGB ), ArcelorMittal ( MT ), and CSN ( SID ) have done better … though “better” is a relative term here, as only CSN has outperformed the S&P 500. Are the glory days over for steel? Certainly that’s a popular question now, and the market seems to think it’s likely that the U.S. will eventually negotiate on some of its protectionist measures, opening the door to more imports and lower prices. For Ternium in particular, a new NAFTA agreement is more likely to help than harm, but it’s hard to be wildly enamored of a company where demand in its two largest markets is weakening on a sequential basis.
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High impacting Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value) news events
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TX
News
- Shareholders Approve all Resolutions on the Agenda of Ternium's Annual General MeetingAccesswire
- Ternium S.A. (NYSE:TX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ternium S.A. (NYSE: TX) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- It Might Not Be A Great Idea To Buy Ternium S.A. (NYSE:TX) For Its Next Dividend [Yahoo! Finance]Yahoo! Finance
- Ternium (NYSE:TX) Is Paying Out A Larger Dividend Than Last Year [Yahoo! Finance]Yahoo! Finance
TX
Earnings
- 4/24/24 - Beat
TX
Sec Filings
- 4/30/24 - Form 6-K
- 4/30/24 - Form 6-K
- 4/25/24 - Form 6-K
- TX's page on the SEC website