Tronox (NYSE:TROX) Posts Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Tronox (NYSE:TROX) announced its earnings results on Wednesday. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.13), Zacks reports. Tronox had a negative net margin of 15.82% and a negative return on equity of 19.93%. During the same period last year, the firm earned ($0.28) earnings per share. The business’s quarterly revenue was up 18.7% compared to the same quarter last year.

Tronox Stock Performance

Shares of NYSE TROX traded down $0.05 during trading on Wednesday, hitting $5.89. 4,586,492 shares of the company traded hands, compared to its average volume of 2,436,174. The company has a quick ratio of 0.66, a current ratio of 2.42 and a debt-to-equity ratio of 2.36. The company has a 50-day moving average price of $6.79 and a 200-day moving average price of $7.55. Tronox has a 1 year low of $2.86 and a 1 year high of $10.59.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.20 annualized dividend and a dividend yield of 3.4%. Tronox’s payout ratio is currently -6.85%.

Institutional Trading of Tronox

A number of institutional investors have recently modified their holdings of TROX. Bank of America Corp DE raised its holdings in Tronox by 199.3% in the third quarter. Bank of America Corp DE now owns 2,059,052 shares of the company’s stock valued at $8,277,000 after buying an additional 1,371,158 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Tronox by 355.4% in the second quarter. Qube Research & Technologies Ltd now owns 1,650,069 shares of the company’s stock worth $8,366,000 after acquiring an additional 1,287,755 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Tronox by 27.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,637,371 shares of the company’s stock worth $23,508,000 after acquiring an additional 1,205,249 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Tronox by 489.2% in the 2nd quarter. AQR Capital Management LLC now owns 994,557 shares of the company’s stock valued at $5,042,000 after acquiring an additional 825,746 shares during the period. Finally, Primecap Management Co. CA lifted its holdings in shares of Tronox by 16.5% during the 4th quarter. Primecap Management Co. CA now owns 5,478,402 shares of the company’s stock valued at $22,845,000 after acquiring an additional 773,900 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Analyst Ratings Changes

TROX has been the topic of a number of research analyst reports. Truist Financial raised shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 price objective on the stock in a report on Thursday, June 11th. UBS Group increased their target price on shares of Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft set a $10.00 price target on Tronox in a research note on Wednesday, May 20th. Wall Street Zen cut Tronox from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Finally, The Goldman Sachs Group dropped their price objective on Tronox from $9.00 to $6.50 and set a “sell” rating for the company in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $6.79.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.