Tronox (NYSE:TROX) Announces Quarterly Earnings Results

Tronox (NYSE:TROX) issued its quarterly earnings results on Wednesday. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.26), Zacks reports. Tronox had a negative return on equity of 8.10% and a negative net margin of 11.39%.

Tronox Stock Up 2.1%

NYSE:TROX traded up $0.16 during trading hours on Wednesday, hitting $7.76. The stock had a trading volume of 7,104,870 shares, compared to its average volume of 3,965,266. The company has a market cap of $1.23 billion, a PE ratio of -3.78 and a beta of 1.18. The business has a 50 day simple moving average of $5.70 and a two-hundred day simple moving average of $4.52. Tronox has a 1-year low of $2.86 and a 1-year high of $8.80. The company has a current ratio of 2.72, a quick ratio of 0.73 and a debt-to-equity ratio of 1.97.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Monday, February 23rd will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $0.20 annualized dividend and a yield of 2.6%. Tronox’s dividend payout ratio (DPR) is -9.76%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC increased its holdings in shares of Tronox by 10.9% in the 4th quarter. Empowered Funds LLC now owns 607,939 shares of the company’s stock valued at $2,535,000 after acquiring an additional 59,648 shares during the last quarter. Susquehanna Portfolio Strategies LLC increased its stake in Tronox by 5.3% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 583,272 shares of the company’s stock valued at $2,432,000 after purchasing an additional 29,308 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Tronox during the fourth quarter worth $111,000. Odyssean LLC bought a new position in shares of Tronox in the 4th quarter worth about $106,000. Finally, Man Group plc acquired a new position in shares of Tronox in the 4th quarter valued at about $179,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $8.00 target price on shares of Tronox in a research report on Tuesday, January 27th. The Goldman Sachs Group boosted their price target on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research report on Thursday, January 29th. Truist Financial raised their price objective on Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, UBS Group lifted their price objective on Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a research note on Monday, January 12th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Tronox presently has a consensus rating of “Hold” and a consensus price target of $6.03.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.