Tronox (NYSE:TROX - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06), Briefing.com reports. Tronox had a negative return on equity of 1.13% and a negative net margin of 11.09%. The firm had revenue of $774.00 million for the quarter, compared to analysts' expectations of $753.98 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year.
Tronox Trading Up 12.2 %
Shares of NYSE:TROX traded up $2.09 during midday trading on Thursday, reaching $19.18. The company had a trading volume of 3,335,886 shares, compared to its average volume of 1,178,687. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84. Tronox has a 1-year low of $10.08 and a 1-year high of $19.75. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of -9.18, a price-to-earnings-growth ratio of 22.87 and a beta of 1.91. The company has a fifty day simple moving average of $16.43 and a two-hundred day simple moving average of $14.10.
Tronox Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 4th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.61%. Tronox's dividend payout ratio (DPR) is -24.75%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. UBS Group boosted their target price 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 from a "sell" rating to a "hold" rating in a report on Friday, April 26th. Finally, BMO Capital Markets upped their price target on Tronox from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Tronox presently has a consensus rating of "Hold" and an average price target of $14.86.
Get Our Latest Analysis on Tronox
About Tronox
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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.
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