Tronox (TROX) Set to Announce Earnings on Thursday

Tronox (NYSE:TROX) will be posting its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Tronox to post earnings of $0.18 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Tronox (NYSE:TROX) last released its earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11). Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The business had revenue of $820.00 million for the quarter, compared to analyst estimates of $848.04 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts expect Tronox to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Tronox Stock Performance

NYSE TROX opened at $14.58 on Thursday. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average is $13.47 and its two-hundred day moving average is $16.06. Tronox has a 12-month low of $10.08 and a 12-month high of $20.70.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, August 26th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Monday, August 26th. Tronox’s dividend payout ratio is currently -121.95%.

Analyst Ratings Changes

A number of research firms recently weighed in on TROX. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. The Goldman Sachs Group lowered their price target on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 19th. BMO Capital Markets lowered their price target on Tronox from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Barclays lowered their target price on Tronox from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Finally, UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and increased their target price for the company from $17.00 to $19.00 in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.83.

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.