Tronox (NYSE:TROX) Announces Quarterly Earnings Results, Misses Expectations By $0.30 EPS

Tronox (NYSE:TROX) announced its quarterly earnings data on Thursday. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30), Briefing.com reports. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The business had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $790.63 million. During the same quarter last year, the company posted ($0.08) EPS. Tronox’s revenue for the quarter was up 21.5% compared to the same quarter last year.

Tronox Stock Performance

NYSE:TROX traded down $1.02 on Friday, hitting $12.42. The stock had a trading volume of 2,748,096 shares, compared to its average volume of 1,122,959. The business’s 50-day simple moving average is $13.53 and its two-hundred day simple moving average is $15.93. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -5.57, a price-to-earnings-growth ratio of 28.15 and a beta of 1.64. Tronox has a 52-week low of $10.08 and a 52-week high of $20.70. The company has a quick ratio of 1.08, a current ratio of 2.98 and a debt-to-equity ratio of 1.44.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, August 26th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Monday, August 26th. Tronox’s dividend payout ratio (DPR) is presently -22.42%.

Analyst Ratings Changes

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

About Tronox

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.