$0.17 EPS Expected for Tronox Ltd (TROX) This Quarter
Wall Street brokerages forecast that Tronox Ltd (NYSE:TROX) will report $0.17 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Tronox’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.10. Tronox posted earnings of $0.08 per share in the same quarter last year, which would suggest a positive year over year growth rate of 112.5%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 14th.
On average, analysts expect that Tronox will report full year earnings of $0.65 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.73. For the next financial year, analysts forecast that the firm will report earnings of $0.57 per share, with EPS estimates ranging from $0.24 to $0.89. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Tronox.
Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. The company had revenue of $492.00 million for the quarter, compared to analyst estimates of $506.10 million. Tronox had a negative net margin of 13.91% and a positive return on equity of 6.75%.
Shares of TROX traded down $0.52 during mid-day trading on Monday, reaching $12.91. 1,688,775 shares of the stock traded hands, compared to its average volume of 1,329,870. The firm has a market capitalization of $1.65 billion, a P/E ratio of -47.85 and a beta of 3.12. Tronox has a 12-month low of $12.41 and a 12-month high of $28.40. The company has a quick ratio of 6.43, a current ratio of 7.78 and a debt-to-equity ratio of 3.51.
The business also recently declared a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Monday, August 27th were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, August 24th. Tronox’s payout ratio is currently -66.67%.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. The company engages in the exploration, mining, and beneficiation of mineral sands deposits. It also produces titanium feedstock, including chloride slag, slag fines, rutile, synthetic rutile, leucoxene, titanium slag, and ilmenite, as well as pig iron and zircon; and suplies and markets TiO2 under the TRONOX brand name, which is used in the manufacture of paint and other coatings, and plastics and paper, as well as in various other applications comprising inks, fibers, rubber, food, cosmetics, and pharmaceuticals.
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