Tronox (NYSE:TROX) Reaches New 1-Year Low on Disappointing Earnings

Key Points

• Tronox shares fell to a new 52-week low, trading as low as $2.57 after closing the prior session at $3.55, following disappointing results.
• The company reported a quarterly loss of $0.34 per share, wider than analysts’ expected $0.21 loss, and revenue of $827 million, below the $854 million consensus. Revenue was up 18.3% year over year.
• Tronox expects weaker fourth-quarter sales volumes and adjusted EBITDA of $80 million–$90 million, down from $101 million in Q3; it also projects a $25 million–$50 million full-year free-cash-flow outflow, citing higher raw-material costs and weaker sales.

Tronox Holdings PLC (NYSE:TROX - Get Free Report) shares hit a new 52-week low during trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $2.57 and last traded at $2.6350, with a volume of 6,238,343 shares traded. The stock had previously closed at $3.55.

The company reported ($0.34) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.13). The company had revenue of $827.00 million for the quarter, compared to the consensus estimate of $854.43 million. Tronox had a negative return on equity of 24.34% and a negative net margin of 17.96%. Tronox's revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.46) EPS.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, November 16th will be paid a $0.05 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.20 annualized dividend and a dividend yield of 7.6%. Tronox's dividend payout ratio is presently -6.31%.

Key Headlines Impacting Tronox

Here are the key news stories impacting Tronox this week:

• Positive Sentiment: Revenue rose 18% year over year to $827 million, and the per-share loss narrowed to $0.34 from $0.46 a year earlier. Tronox Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Tronox declared a quarterly dividend of $0.05 per share, payable January 15, 2027, to shareholders of record November 16. Dividend announcement
• Neutral Sentiment: The company said it expects to sustain third-quarter TiO₂ pricing gains in Q4 and forecast a mid-single-digit sequential increase in zircon prices, partially offsetting expected volume declines. Tronox Reports Third Quarter 2026 Financial Results
• Negative Sentiment: Third-quarter loss was $0.34 per share, worse than the $0.21 loss analysts expected, while revenue of $827 million also fell short of the $854 million consensus. Revenue was down 5% from the previous quarter. Tronox Q3 earnings report
• Negative Sentiment: For Q4, Tronox expects TiO₂ volumes to decline sequentially by a high-single- to low-double-digit percentage and zircon volumes to soften. Adjusted EBITDA is forecast at $80 million to $90 million, below Q3’s $101 million. The company also revised its full-year free-cash-flow outlook to a $25 million–$50 million use, citing Middle East conflict-related raw-material costs and weaker sales volumes. Tronox Reports Third Quarter 2026 Financial Results

Analyst Ratings Changes

Several equities analysts have recently commented on TROX shares. JPMorgan Chase & Co. lowered Tronox from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $7.00 to $5.00 in a research report on Thursday, August 13th. The Goldman Sachs Group cut their price target on shares of Tronox from $6.50 to $4.00 and set a "sell" rating on the stock in a report on Friday, October 9th. Truist Financial dropped their price objective on Tronox from $7.00 to $4.00 and set a "hold" rating for the company in a report on Tuesday, October 20th. Mizuho decreased their price target on shares of Tronox from $5.50 to $4.50 and set an "underperform" rating for the company in a research note on Wednesday, September 30th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Tronox in a report on Friday, August 7th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $5.33.

Institutional Trading of Tronox

Several large investors have recently made changes to their positions in the business. Inscription Capital LLC lifted its holdings in Tronox by 98.8% during the third quarter. Inscription Capital LLC now owns 20,317 shares of the company's stock valued at $80,000 after purchasing an additional 10,098 shares in the last quarter. Vise Technologies Inc. increased its holdings in shares of Tronox by 33.0% during the 3rd quarter. Vise Technologies Inc. now owns 19,981 shares of the company's stock worth $79,000 after buying an additional 4,958 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Tronox in the third quarter valued at approximately $116,000. Evergreen Capital Management LLC increased its stake in Tronox by 6.0% during the third quarter. Evergreen Capital Management LLC now owns 51,345 shares of the company's stock worth $205,000 after acquiring an additional 2,907 shares during the last quarter. Finally, Inspire Investing LLC raised its position in Tronox by 48.6% in the third quarter. Inspire Investing LLC now owns 161,141 shares of the company's stock valued at $637,000 after purchasing an additional 52,691 shares during the period. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Price Performance

The company has a market cap of $420.81 million, a PE ratio of -0.76 and a beta of 0.98. The company has a quick ratio of 0.81, a current ratio of 2.55 and a debt-to-equity ratio of 2.62. The stock has a 50-day simple moving average of $4.08 and a 200 day simple moving average of $6.58.

Tronox Company Profile

Tronox Holdings plc NYSE: TROX is a global producer of titanium dioxide pigment and other titanium products. Its titanium dioxide is used to provide whiteness, brightness and opacity in paints and coatings, plastics, paper, inks and related applications. The company also produces zircon and other mineral sands products used in ceramics, refractories, foundries and industrial applications.

Tronox operates an integrated business that includes the mining of mineral sands, production of titanium-bearing feedstocks, and manufacture of titanium dioxide pigment and specialty products.

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