Tronox (NYSE:TROX) Posts Earnings Results, Misses Estimates By $0.30 EPS

Tronox (NYSE:TROX) announced its quarterly earnings results 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 net margin of 2.14% and a negative return on equity of 3.40%. The firm had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $790.63 million. During the same quarter in the prior year, the business earned ($0.08) EPS. The company’s quarterly revenue was up 21.5% compared to the same quarter last year.

Tronox Trading Down 7.6 %

Shares of NYSE TROX traded down $1.02 during midday trading 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 company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -5.82, a PEG ratio of 28.15 and a beta of 1.64. Tronox has a 1-year low of $10.08 and a 1-year 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. The company has a fifty day moving average price of $13.53 and a 200 day moving average price of $15.93.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, August 26th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Monday, August 26th. Tronox’s dividend payout ratio is currently -22.42%.

Analyst Ratings Changes

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