Tronox (TROX) Set to Announce Quarterly Earnings on Thursday

Tronox (NYSE:TROX) is scheduled to be announcing its earnings results after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $774.00 million during the quarter, compared to the consensus estimate of $753.98 million. Tronox had a negative return on equity of 2.74% and a negative net margin of 11.93%. Tronox’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, analysts expect Tronox to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Tronox Price Performance

Shares of Tronox stock opened at $16.21 on Wednesday. The company has a market cap of $2.56 billion, a PE ratio of -7.27, a P/E/G ratio of 21.34 and a beta of 1.71. The business has a 50 day moving average of $17.64 and a 200 day moving average of $16.58. Tronox has a 52 week low of $10.08 and a 52 week high of $20.70. The company has a quick ratio of 1.09, a current ratio of 3.12 and a debt-to-equity ratio of 1.44.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, May 20th were issued a $0.125 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.50 annualized dividend and a yield of 3.08%. Tronox’s dividend payout ratio (DPR) is presently -22.42%.

Analysts Set New Price Targets

TROX has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on shares of Tronox from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. StockNews.com cut Tronox from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Barclays lifted their price target on Tronox from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. UBS Group decreased their price objective on Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, BMO Capital Markets upped their target price on shares of Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.50.

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.