Tronox (NYSE:TROX) Announces Earnings Results

Tronox (NYSE:TROX) released its earnings results on Wednesday. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06), Briefing.com reports. Tronox had a negative net margin of 11.09% and a negative return on equity of 1.13%. The firm had revenue of $774.00 million during the quarter, compared to the consensus estimate of $753.98 million. During the same period in the prior year, the business earned $0.15 earnings per share. Tronox’s quarterly revenue was up 9.3% compared to the same quarter last year.

Tronox Trading Up 12.2 %

TROX traded up $2.09 during trading on Thursday, reaching $19.18. 3,335,890 shares of the stock traded hands, compared to its average volume of 1,178,687. The company has a quick ratio of 0.95, a current ratio of 2.84 and a debt-to-equity ratio of 1.41. The stock’s 50-day moving average is $16.43 and its 200 day moving average is $14.10. Tronox has a 12 month low of $10.08 and a 12 month high of $19.75. The stock has a market capitalization of $3.01 billion, a PE ratio of -9.18, a P/E/G ratio of 22.87 and a beta of 1.91.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 4th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Friday, March 1st. Tronox’s dividend payout ratio is presently -24.75%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TROX. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. BMO Capital Markets raised their price target on shares of Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, UBS Group upped their price target on shares of Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.86.

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.