Tronox (TROX) Releases Earnings Results, Beats Estimates By $0.06 EPS
Tronox (OTCMKTS:TROX) released its quarterly earnings results on Thursday. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06, Bloomberg Earnings reports. The firm had revenue of $464.00 million during the quarter, compared to analysts’ expectations of $428.22 million. The business’s quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.14) earnings per share.
Tronox (OTCMKTS:TROX) opened at $19.79 on Friday. Tronox has a twelve month low of $12.88 and a twelve month high of $28.40.
A number of institutional investors have recently made changes to their positions in TROX. Public Employees Retirement Association of Colorado bought a new stake in Tronox during the fourth quarter valued at about $142,000. Bourgeon Capital Management LLC bought a new stake in Tronox during the fourth quarter valued at about $365,000. Teacher Retirement System of Texas bought a new stake in Tronox during the fourth quarter valued at about $615,000. Swiss National Bank raised its holdings in Tronox by 34.3% during the fourth quarter. Swiss National Bank now owns 148,800 shares of the basic materials company’s stock valued at $3,052,000 after acquiring an additional 38,000 shares during the period. Finally, Messner & Smith Theme Value Investment Management Ltd. CA raised its holdings in Tronox by 219.7% during the fourth quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 43,609 shares of the basic materials company’s stock valued at $895,000 after acquiring an additional 29,970 shares during the period.
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Tronox Company Profile
Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.
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