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%.

A number of research firms have recently issued reports on TROX. ValuEngine lowered shares of Tronox from a “sell” rating to a “strong sell” rating in a research note on Monday, August 13th. BMO Capital Markets dropped their price objective on shares of Tronox from $31.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. Barclays dropped their price objective on shares of Tronox from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Monday, August 6th. Finally, SunTrust Banks initiated coverage on shares of Tronox in a research report on Tuesday, July 31st. They set a “buy” rating and a $24.00 price target for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $26.50.

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%.

About Tronox

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.

Featured Story: Asset Allocation Models, Which is Right For You?

Get a free copy of the Zacks research report on Tronox (TROX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Tronox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tronox and related companies with MarketBeat.com's FREE daily email newsletter.