Tronox (NYSE:TROX) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Tronox (NYSE:TROX) posted its earnings results on Wednesday. The company reported ($0.05) earnings per share 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 analyst estimates of $753.98 million. During the same period last year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis.

Tronox Trading Up 12.2 %

NYSE TROX traded up $2.09 during mid-day trading on Thursday, hitting $19.18. The company’s stock had a trading volume of 3,335,884 shares, compared to its average volume of 1,169,928. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.84 and a quick ratio of 0.95. Tronox has a 52-week low of $10.08 and a 52-week high of $19.75. The stock’s fifty day simple moving average is $16.43 and its two-hundred day simple moving average is $14.10. The firm has a market capitalization of $3.01 billion, a P/E ratio of -9.18, a price-to-earnings-growth ratio of 22.87 and a beta of 1.91.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 4th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.61%. Tronox’s dividend payout ratio (DPR) is -24.75%.

Analysts Set New Price Targets

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

Tronox Company Profile

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.