Tronox (NYSE:TROX) Posts Earnings Results

Tronox (NYSE:TROX) released its earnings results on Thursday. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30), Briefing.com reports. The business had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $790.63 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) earnings per share.

Tronox Stock Down 7.6 %

TROX opened at $12.42 on Friday. The firm’s 50 day simple moving average is $13.50 and its two-hundred day simple moving average is $15.90. The company has a market capitalization of $1.96 billion, a PE ratio of -5.57, a PEG ratio of 28.15 and a beta of 1.64. Tronox has a 1-year low of $10.08 and a 1-year high of $20.70. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, August 26th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.50 annualized dividend and a yield of 4.03%. Tronox’s dividend payout ratio (DPR) is -22.42%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $19.00 in a report on Thursday, October 10th. The Goldman Sachs Group decreased their target price on Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, September 19th. BMO Capital Markets dropped their price target on shares of Tronox from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Barclays decreased their price objective on shares of Tronox from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. Finally, StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.83.

Tronox Company Profile

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.