Tronox Holdings PLC Declares Quarterly Dividend of $0.05 (NYSE:TROX)

Key Points

• Tronox declared a quarterly dividend of $0.05 per share (record date May 11, payable July 8), which annualizes to a ~2.0% yield.
• Profitability and coverage risk: Tronox reported a recent quarter loss (‑$0.60 EPS) and analysts expect negative EPS next year, meaning the current $0.20 annual dividend may not be coverable (projected future payout ratio ≈ ‑76.9%).
• Market and analyst outlook: Shares fell 3.5% to $9.79, the consensus analyst rating is "Hold" with an average price target of $6.55, suggesting downside from current levels.

Tronox Holdings PLC (NYSE:TROX - Get Free Report) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Monday, May 11th will be paid a dividend of 0.05 per share on Wednesday, July 8th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, May 11th.

Tronox has increased its dividend payment by an average of 0.0%per year over the last three years. Tronox has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tronox to earn ($0.26) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -76.9%.

Tronox Trading Down 3.5%

Shares of TROX stock traded down $0.35 on Tuesday, hitting $9.79. The company had a trading volume of 2,796,783 shares, compared to its average volume of 3,743,512. The firm has a market cap of $1.55 billion, a P/E ratio of -3.30 and a beta of 0.93. The stock's 50-day moving average is $8.23 and its two-hundred day moving average is $5.94. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46. Tronox has a twelve month low of $2.86 and a twelve month high of $10.59.

Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The company had revenue of $730.00 million during the quarter, compared to analyst estimates of $730.22 million. Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 EPS. On average, equities research analysts anticipate that Tronox will post -1.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TROX shares. Truist Financial reissued a "sell" rating and issued a $8.00 price target (down from $9.00) on shares of Tronox in a research note on Tuesday. BMO Capital Markets restated a "market perform" rating on shares of Tronox in a research report on Friday, February 20th. The Goldman Sachs Group upped their target price on Tronox from $5.50 to $7.50 and gave the company a "buy" rating in a research report on Thursday, January 29th. Mizuho upped their target price on Tronox from $4.50 to $5.00 and gave the company an "underperform" rating in a research report on Monday, March 23rd. Finally, Zacks Research upgraded Tronox from a "strong sell" rating to a "hold" rating in a research report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $6.55.

Tronox Company Profile

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.

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