As per Ternium S.A. (NYSE:TX)’s news release on 2016-05-12, its shareholders will get cash dividend of $0.9 per share. The recent press release updated on the record date and payout date, which stands at 2016-05-10 and 2016-05-16, respectively.
The stock will commence trading ex-dividend from 2016-05-06, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Ternium S.A. (NYSE:TX) disbursed $0.9 in dividend compared to distribution of $0.9, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 20%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Ternium S.A. (NYSE:TX) to attain a price target of $23.375. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $27. The low price range is set at $21.5 for next year while the arithmetic mean is seen at 2.33.
Eyeing Earnings Ternium S.A. (NYSE:TX) is likely to post quarterly numbers around 2016-11-01 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.93 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Ternium S.A. (NYSE:TX) earnings came at $0.78 suggesting a deviation of $0.04. The brokerages targeted EPS of $0.74 for the quarter.
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