Analysts Anticipate Tronox Ltd (TROX) Will Announce Quarterly Sales of $449.51 Million
Equities analysts expect Tronox Ltd (NYSE:TROX) to announce $449.51 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Tronox’s earnings. The lowest sales estimate is $435.01 million and the highest is $464.00 million. Tronox posted sales of $435.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.3%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, November 5th.
On average, analysts expect that Tronox will report full-year sales of $1.85 billion for the current financial year, with estimates ranging from $1.81 billion to $1.89 billion. For the next financial year, analysts expect that the firm will report sales of $1.85 billion, with estimates ranging from $1.80 billion to $1.90 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Tronox.
Tronox (NYSE:TROX) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.06. Tronox had a positive return on equity of 6.75% and a negative net margin of 13.91%. The company had revenue of $492.00 million during the quarter, compared to analysts’ expectations of $506.10 million.
Shares of NYSE:TROX opened at $12.20 on Tuesday. Tronox has a fifty-two week low of $10.75 and a fifty-two week high of $28.40. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -45.19 and a beta of 3.12. The company has a quick ratio of 6.43, a current ratio of 7.78 and a debt-to-equity ratio of 3.51.
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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