Tronox (NYSE:TROX) Posts Earnings Results, Misses Estimates By $0.07 EPS

Tronox (NYSE:TROX) released its quarterly earnings results on Wednesday. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07), Zacks reports. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.During the same quarter in the previous year, the firm earned ($0.15) EPS. The company’s revenue was up 3.0% on a year-over-year basis.

Tronox Stock Down 3.0%

Shares of NYSE TROX traded down $0.31 during trading hours on Wednesday, hitting $10.17. 5,514,387 shares of the stock were exchanged, compared to its average volume of 2,656,370. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 2.16. The company has a market cap of $1.61 billion, a PE ratio of -3.42 and a beta of 0.83. The firm has a fifty day moving average price of $8.51 and a 200-day moving average price of $6.16. Tronox has a 12 month low of $2.86 and a 12 month high of $10.59.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, May 11th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, May 11th. Tronox’s payout ratio is -6.73%.

Insider Activity

In related news, SVP Jeffrey N. Neuman sold 22,965 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.59, for a total transaction of $151,339.35. Following the completion of the transaction, the senior vice president owned 248,831 shares in the company, valued at $1,639,796.29. The trade was a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffrey A. Engle sold 14,575 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.60, for a total transaction of $96,195.00. Following the transaction, the senior vice president owned 175,251 shares of the company’s stock, valued at approximately $1,156,656.60. This trade represents a 7.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 172,711 shares of company stock worth $1,145,137 over the last 90 days. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TROX. AQR Capital Management LLC acquired a new position in Tronox during the 1st quarter valued at approximately $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Tronox by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after purchasing an additional 3,042 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Tronox by 12.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock valued at $2,578,000 after purchasing an additional 41,092 shares in the last quarter. Jane Street Group LLC increased its stake in Tronox by 93.2% during the 1st quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock valued at $835,000 after purchasing an additional 57,237 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in Tronox during the 2nd quarter valued at approximately $79,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TROX shares. Mizuho boosted their price objective on shares of Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a research report on Monday, March 23rd. UBS Group upped their price target on shares of Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Zacks Research raised shares of Tronox from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $8.00 price target on shares of Tronox in a research report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tronox currently has an average rating of “Hold” and a consensus price target of $6.55.

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.