Tronox (NYSE:TROX) Announces Earnings Results

by · The Cerbat Gem

Tronox (NYSE:TROX – Get Free Report) released its earnings results on Thursday. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30), Briefing.com reports. The business had revenue of $804.00 million for the quarter, compared to analyst estimates of $790.63 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. Tronox’s revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) EPS.

Tronox Stock Performance

Shares of Tronox stock opened at $12.41 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.98 and a quick ratio of 1.08. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of -5.57, a price-to-earnings-growth ratio of 28.15 and a beta of 1.64. Tronox has a one year low of $10.08 and a one year high of $20.70. The stock’s 50-day moving average is $13.50 and its 200-day moving average is $15.89.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, August 26th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Monday, August 26th. Tronox’s dividend payout ratio is -22.42%.

Analyst Upgrades and Downgrades

TROX has been the subject of a number of analyst reports. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. BMO Capital Markets lowered their price target on Tronox from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Barclays reduced their price objective on shares of Tronox from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 25th. UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and upped their target price for the company from $17.00 to $19.00 in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group reduced their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.83.

Check Out Our Latest Report on Tronox

About Tronox

(Get Free Report)

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.

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