Analysts See $1.04 EPS for Ternium S.A. (TX); Shorts at PIERIDAE ENERGY LTD COMMON SHARES (PTOAF) Raised By 268.02%

April 9, 2018 - By Adrian Erickson

Ternium S.A. (NYSE:TX) Logo

Analysts expect Ternium S.A. (NYSE:TX) to report $1.04 EPS on April, 24.They anticipate $0.29 EPS change or 21.80% from last quarter’s $1.33 EPS. TX’s profit would be $204.17 million giving it 8.23 P/E if the $1.04 EPS is correct. After having $0.92 EPS previously, Ternium S.A.’s analysts see 13.04% EPS growth. The stock decreased 1.07% or $0.37 during the last trading session, reaching $34.25. About 270,229 shares traded. Ternium S.A. (NYSE:TX) has risen 22.18% since April 9, 2017 and is uptrending. It has outperformed by 10.63% the S&P500.

PIERIDAE ENERGY LTD COMMON SHARES (OTCMKTS:PTOAF) had an increase of 268.02% in short interest. PTOAF’s SI was 90,900 shares in April as released by FINRA. Its up 268.02% from 24,700 shares previously. With 2,600 avg volume, 35 days are for PIERIDAE ENERGY LTD COMMON SHARES (OTCMKTS:PTOAF)’s short sellers to cover PTOAF’s short positions. The SI to PIERIDAE ENERGY LTD COMMON SHARES’s float is 0.78%. It closed at $3.4967 lastly. It is down 0.00% since April 9, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 7 analysts covering Ternium (NYSE:TX), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Ternium had 13 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Wednesday, December 6 by Morgan Stanley. As per Thursday, February 8, the company rating was maintained by Scotia Capital. As per Monday, August 10, the company rating was initiated by Goldman Sachs. HSBC downgraded the shares of TX in report on Wednesday, November 9 to “Hold” rating. Morgan Stanley upgraded Ternium S.A. (NYSE:TX) rating on Monday, December 7. Morgan Stanley has “Overweight” rating and $20 target. As per Monday, May 9, the company rating was downgraded by Morgan Stanley. Citigroup upgraded the stock to “Buy” rating in Wednesday, February 24 report. The company was initiated on Friday, May 13 by HSBC.

Ternium S.A. manufactures and processes various steel products in Mexico, Argentina, Bolivia, Chile, Paraguay, Uruguay, Colombia, the United States, Central America, and internationally. The company has market cap of $6.72 billion. The firm operates in two divisions, Steel and Mining. It has a 7.59 P/E ratio. The Steel segment offers steel products, such as slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets, pre-painted sheets, steel pipes and tubular products, beams, roll formed products, and other products.

Pieridae Energy Limited operates as an energy infrastructure development firm that focuses on liquefied natural gas facilities. The company has market cap of $166.54 million. The firm is developing the Goldboro project that consists of an LNG processing facility, storage tanks, and marine works situated in the Municipality of the District of Guysborough. It currently has negative earnings. The Company’s target markets include Europe, South America, and Asia.

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