Tronox (NYSE:TROX) Announces Earnings Results, Misses Estimates By $0.11 EPS

Tronox (NYSE:TROX) announced its quarterly earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11), Briefing.com reports. Tronox had a negative return on equity of 3.38% and a negative net margin of 2.14%. The firm had revenue of $820.00 million for the quarter, compared to the consensus estimate of $848.04 million. During the same period in the prior year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.

Tronox Stock Performance

Shares of TROX stock opened at $13.31 on Monday. The company has a fifty day moving average price of $17.42 and a two-hundred day moving average price of $16.63. Tronox has a one year low of $10.08 and a one year high of $20.70. The stock has a market cap of $2.10 billion, a P/E ratio of -5.97, a P/E/G ratio of 17.49 and a beta of 1.70. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.12 and a quick ratio of 1.09.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Monday, May 20th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, May 17th. This represents a $0.50 dividend on an annualized basis and a yield of 3.76%. Tronox’s payout ratio is -22.42%.

Wall Street Analyst Weigh In

TROX has been the subject of several recent analyst reports. Barclays increased their price target on Tronox from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. BMO Capital Markets upped their price target on shares of Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. The Goldman Sachs Group upped their target price 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 downgraded Tronox from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Finally, UBS Group reduced their price objective on Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.86.

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.