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TX

Ternium

$29.50

0.43 (1.48%)

16:56
10/30/18
10/30
16:56
10/30/18
16:56

Ternium reports Q3 EPS $2.49, may not compare to consensus $1.53

Reports Q3 revenue $2.9B, consensus $3.06B. EBITDA in the third quarter 2018 was $831.7M, or 28.6% of net sales, compared to $466.1 million, or 18.4% of net sales, in the third quarter 2017. Ternium expects EBITDA to remain healthy in the fourth quarter 2018, although lower than the record level reported in the third quarter of the year. The company anticipates a slight sequential decrease of steel shipments in a seasonally weak quarter, including a reduction of slab sales to third parties mainly due to lower shipments to the United States and higher internal sales. .

TX Ternium
$29.50

0.43 (1.48%)

08/16/18
BOFA
08/16/18
INITIATION
Target $32
BOFA
Underperform
Ternium reinstated with an Underperform at BofA/Merrill
BofA/Merrill analyst Timna Tanners reinstated Ternium with an Underperform and $32 price target due to valuation, sheet price downside, and political risk.
05/14/18
FBCO
05/14/18
UPGRADE
FBCO
Outperform
Ternium upgraded to Outperform from Neutral at Credit Suisse
12/18/17
SANT
12/18/17
UPGRADE
SANT
Buy
Ternium upgraded to Buy from Hold at Santander
12/06/17
MSCO
12/06/17
UPGRADE
MSCO
Overweight
Ternium upgraded to Overweight from Equal Weight at Morgan Stanley

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