Tronox (NYSE:TROX) Releases Earnings Results, Misses Expectations By $0.30 EPS

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

Tronox Price Performance

Shares of NYSE TROX traded down $1.02 during midday trading on Friday, hitting $12.42. 2,748,096 shares of the company’s stock were exchanged, compared to its average volume of 1,122,959. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44. The business’s fifty day moving average price is $13.53 and its two-hundred day moving average price is $15.93. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -5.57, a PEG ratio of 28.15 and a beta of 1.64. Tronox has a 12-month low of $10.08 and a 12-month high of $20.70.

Tronox Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TROX. The Goldman Sachs Group reduced their target price on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 19th. UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and lifted their price target for the company from $17.00 to $19.00 in a research note on Thursday, October 10th. BMO Capital Markets cut their target price on Tronox from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note 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 raised shares of Tronox from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.83.

About Tronox

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.