Tronox Holdings plc (NYSE:TROX) Receives Average Recommendation of "Hold" from Brokerages

Tronox Holdings plc (NYSE:TROX - Get Free Report) has earned an average rating of "Hold" from the six ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $14.86.

Several brokerages have issued reports on TROX. UBS Group increased their price target on Tronox from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Thursday, January 11th. StockNews.com upgraded Tronox to a "sell" rating in a report on Wednesday, February 14th. Finally, BMO Capital Markets increased their price objective on Tronox from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Tuesday, February 20th.

Tronox Trading Down 2.0 %

NYSE:TROX traded down $0.36 during mid-day trading on Friday, hitting $17.35. The company had a trading volume of 909,403 shares, compared to its average volume of 1,228,119. Tronox has a fifty-two week low of $10.08 and a fifty-two week high of $17.89. The business's fifty day moving average is $15.05 and its two-hundred day moving average is $13.42. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84. The firm has a market cap of $2.72 billion, a P/E ratio of -8.59, a P/E/G ratio of 22.95 and a beta of 1.92.

Tronox (NYSE:TROX - Get Free Report) last released its earnings results on Thursday, February 15th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.33). Tronox had a negative net margin of 11.09% and a negative return on equity of 1.13%. The company had revenue of $686.00 million during the quarter, compared to analyst estimates of $668.95 million. During the same period in the previous year, the company posted ($0.17) EPS. The company's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, research analysts expect that Tronox will post 0.63 earnings per share for the current year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Monday, March 4th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.88%. Tronox's dividend payout ratio is -24.75%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Millburn Ridgefield Corp acquired a new stake in shares of Tronox in the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Tronox in the third quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new stake in shares of Tronox in the fourth quarter valued at approximately $27,000. Covestor Ltd lifted its holdings in Tronox by 1,757.7% during the 1st quarter. Covestor Ltd now owns 2,898 shares of the company's stock worth $57,000 after purchasing an additional 2,742 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Tronox by 337.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,242 shares of the company's stock worth $46,000 after purchasing an additional 2,501 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors.

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.